Miracle Mile Advisors LLC Has $26.85 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Miracle Mile Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 51.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,006 shares of the company’s stock after buying an additional 52,478 shares during the period. Miracle Mile Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beta Wealth Group Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 6.4% in the fourth quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after buying an additional 150 shares in the last quarter. Tidemark LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 31.4% in the 4th quarter. Tidemark LLC now owns 431 shares of the company’s stock worth $76,000 after acquiring an additional 103 shares in the last quarter. Ceera Investments LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $267,000. Permanent Capital Management LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $25,956,000. Finally, Strategic Financial Concepts LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 84.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock worth $12,958,000 after purchasing an additional 33,861 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $178.69 on Friday. The firm has a market cap of $72.23 billion, a P/E ratio of 20.59 and a beta of 0.99. The business’s fifty day moving average is $169.94 and its two-hundred day moving average is $175.88. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $188.16.

Invesco S&P 500 Equal Weight ETF Company Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues).