Merkkuri Wealth Advisors LLC Lowers Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Merkkuri Wealth Advisors LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,092 shares of the company’s stock after selling 2,687 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 2.1% of Merkkuri Wealth Advisors LLC’s portfolio, making the stock its 12th largest position. Merkkuri Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 49.0% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 2,744 shares of the company’s stock valued at $521,000 after acquiring an additional 902 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 127,161 shares of the company’s stock worth $24,429,000 after purchasing an additional 2,105 shares in the last quarter. American Alpha Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 56.7% during the 3rd quarter. American Alpha Advisors LLC now owns 7,378 shares of the company’s stock valued at $1,400,000 after purchasing an additional 2,669 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 283.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 34,754 shares of the company’s stock worth $6,677,000 after purchasing an additional 25,694 shares in the last quarter. Finally, Intrua Financial LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 146.7% in the 3rd quarter. Intrua Financial LLC now owns 4,108 shares of the company’s stock worth $779,000 after purchasing an additional 2,443 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $199.05 on Tuesday. The stock has a market capitalization of $80.05 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The company has a fifty day moving average of $192.19 and a 200 day moving average of $188.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $200.10.

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.