First Merchants Corp Grows Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

First Merchants Corp raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,763 shares of the company’s stock after buying an additional 1,311 shares during the quarter. First Merchants Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alpha Financial Partners LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 42.3% in the third quarter. Alpha Financial Partners LLC now owns 5,049 shares of the company’s stock valued at $905,000 after purchasing an additional 1,502 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $163,000. SeaCrest Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 4,430 shares of the company’s stock valued at $794,000 after buying an additional 199 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 27.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 16,904 shares of the company’s stock valued at $3,029,000 after buying an additional 3,679 shares during the period. Finally, Kaydan Wealth Management Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 37.7% during the 3rd quarter. Kaydan Wealth Management Inc. now owns 148,544 shares of the company’s stock worth $26,613,000 after buying an additional 40,670 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9 %

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $181.26 on Friday. The business’s fifty day moving average price is $179.25 and its 200 day moving average price is $177.78. Invesco S&P 500 Equal Weight ETF has a twelve month low of $157.59 and a twelve month high of $188.16. The stock has a market capitalization of $60.71 billion, a P/E ratio of 20.44 and a beta of 0.90.

About Invesco S&P 500 Equal Weight ETF

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).