Moran Wealth Management LLC Sells 77,527 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Moran Wealth Management LLC trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 94.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,730 shares of the company’s stock after selling 77,527 shares during the quarter. Moran Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $906,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RSP. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $26,000. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $26,000. Aviso Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. IMA Advisory Services Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $33,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $35,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $203.80 on Tuesday. The stock has a fifty day moving average price of $198.03 and a 200-day moving average price of $194.36. The company has a market cap of $89.23 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $157.71 and a fifty-two week high of $205.24.

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). 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.