Merit Financial Group LLC Sells 5,179 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Merit Financial Group LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 28.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,908 shares of the company’s stock after selling 5,179 shares during the period. Merit Financial Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Realta Investment Advisors lifted its position in Invesco S&P 500 Equal Weight ETF by 15.5% during the 2nd quarter. Realta Investment Advisors now owns 410 shares of the company’s stock worth $75,000 after buying an additional 55 shares in the last quarter. Fusion Capital LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the second quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock worth $466,000 after purchasing an additional 56 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Signature Estate & Investment Advisors LLC now owns 5,502 shares of the company’s stock valued at $1,000,000 after purchasing an additional 64 shares during the last quarter. Ehrlich Financial Group increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the second quarter. Ehrlich Financial Group now owns 4,792 shares of the company’s stock valued at $871,000 after purchasing an additional 65 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its position in Invesco S&P 500 Equal Weight ETF by 0.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 26,315 shares of the company’s stock worth $4,782,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $192.86 on Friday. The company has a market cap of $74.60 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The stock’s fifty day moving average price is $190.14 and its two-hundred day moving average price is $187.62. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $195.46.

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.