Merkkuri Wealth Advisors LLC Sells 3,130 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Merkkuri Wealth Advisors LLC lessened its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 28.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,992 shares of the company’s stock after selling 3,130 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,663,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Highland Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $26,000. Brandywine Financial Group raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the last quarter. Valley National Advisers Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $31,000. Rogco LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $34,000. Finally, Asset Dedication LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $36,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP traded down $0.82 during midday trading on Friday, hitting $216.05. 13,096,930 shares of the company’s stock were exchanged, compared to its average volume of 11,916,534. The stock’s 50 day moving average price is $214.78 and its 200-day moving average price is $208.27. The firm has a market cap of $100.26 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $224.20.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.