Merriman Wealth Management LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Merriman Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,570 shares of the company’s stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 15.1% in the 2nd quarter. CWM LLC now owns 236,924 shares of the company’s stock worth $25,540,000 after purchasing an additional 31,086 shares in the last quarter. Sanchez Wealth Management Group raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.7% in the 2nd quarter. Sanchez Wealth Management Group now owns 84,060 shares of the company’s stock worth $9,062,000 after purchasing an additional 621 shares in the last quarter. Biltmore Family Office LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $88,000. Abbrea Capital LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% in the 2nd quarter. Abbrea Capital LLC now owns 63,577 shares of the company’s stock worth $6,854,000 after purchasing an additional 1,625 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $499,000.

Shares of Invesco S&P 500 Equal Weight ETF stock traded down $2.81 during trading on Wednesday, hitting $102.83. The company’s stock had a trading volume of 3,552 shares, compared to its average volume of 784,772. The business’s fifty day moving average price is $108.02. Invesco S&P 500 Equal Weight ETF has a 52 week low of $85.76 and a 52 week high of $110.24.

Invesco S&P 500 Equal Weight ETF 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).

Further Reading: Understanding Market Liquidity

Institutional Ownership by Quarter for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

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