First Merchants Corp Reduces Holdings in Invesco S&P 500 Equal Weight ETF $RSP

First Merchants Corp decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,730 shares of the company’s stock after selling 739 shares during the period. First Merchants Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,314,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $25,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $26,000. Richardson Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $31,000. Finally, Howe & Rusling Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $190.97 on Thursday. The firm’s 50 day moving average price is $187.50 and its 200-day moving average price is $179.47. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30. The firm has a market cap of $75.06 billion, a P/E ratio of 20.10 and a beta of 1.05.

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).