Invesco S&P 500 Equal Weight ETF $RSP Stock Sold by Merkkuri Wealth Advisors LLC

Merkkuri Wealth Advisors LLC decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 28.1% during the 3rd quarter, Holdings Channel reports. The institutional investor 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 and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after acquiring an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $400,736,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after purchasing an additional 60,000 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $248,531,000. Finally, Trust Co of Tennessee lifted its position in Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after purchasing an additional 12,435 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.4%

NYSEARCA RSP traded down $0.82 on Friday, reaching $216.05. 13,096,930 shares of the stock traded hands, compared to its average volume of 11,916,534. The firm’s fifty day simple moving average is $214.78 and its 200 day simple moving average is $208.27. The company has a market cap of $100.26 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $224.20.

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). 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.