Miracle Mile Advisors LLC Invests $17.97 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Miracle Mile Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 102,528 shares of the company’s stock, valued at approximately $17,966,000.

Other institutional investors have also bought and sold shares of the company. Eastern Bank acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. GHP Investment Advisors Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $29,000. Richardson Financial Services Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares during the last quarter. Finally, Bristlecone Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8 %

NYSEARCA:RSP traded up $1.42 during trading hours on Monday, hitting $174.67. 8,125,070 shares of the stock were exchanged, compared to its average volume of 7,662,494. The company has a market capitalization of $58.50 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s 50 day moving average is $180.89 and its two-hundred day moving average is $175.64. Invesco S&P 500 Equal Weight ETF has a twelve month low of $153.10 and a twelve month high of $188.16.

About Invesco S&P 500 Equal Weight ETF

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).