Merkkuri Wealth Advisors LLC Sells 2,687 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Merkkuri Wealth Advisors LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,092 shares of the company’s stock after selling 2,687 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.1% of Merkkuri Wealth Advisors LLC’s investment 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 quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $83,931,000. Bison Wealth LLC increased its position in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after buying an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $11,553,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.6% in the second quarter. Exchange Traded Concepts LLC now owns 8,707 shares of the company’s stock worth $1,582,000 after buying an additional 1,107 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3%

Shares of NYSEARCA:RSP opened at $199.05 on Tuesday. The stock has a 50 day moving average of $192.19 and a 200 day moving average of $188.99. The company has a market cap of $80.05 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $200.10.

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). 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.