Merkkuri Wealth Advisors LLC Has $4 Million Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Merkkuri Wealth Advisors LLC trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,345 shares of the company’s stock after selling 299 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 3.2% of Merkkuri Wealth Advisors LLC’s portfolio, making the stock its 9th biggest holding. Merkkuri Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,003,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSP. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after purchasing an additional 18,390,083 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% during the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after buying an additional 6,352,369 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after acquiring an additional 2,328,560 shares during the period. US Bancorp DE boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% in the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock valued at $342,213,000 after acquiring an additional 1,990,537 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 174.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock valued at $384,415,000 after acquiring an additional 1,488,000 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.0 %

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $178.96 on Friday. The stock has a market capitalization of $59.94 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $133.34 and a twelve month high of $182.22. The company has a 50-day simple moving average of $176.18 and a two-hundred day simple moving average of $169.10.

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).