Moran Wealth Management LLC Sells 93,037 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Moran Wealth Management LLC lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 53.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,257 shares of the company’s stock after selling 93,037 shares during the period. Moran Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CX Institutional grew its position in Invesco S&P 500 Equal Weight ETF by 0.6% in the 3rd quarter. CX Institutional now owns 87,389 shares of the company’s stock valued at $16,578,000 after acquiring an additional 506 shares during the last quarter. WMG Financial Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 37.2% during the third quarter. WMG Financial Advisors LLC now owns 2,187 shares of the company’s stock worth $415,000 after purchasing an additional 593 shares during the last quarter. Pachira Investments Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $320,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $210,000. Finally, Investment Advisory Services Inc. TX ADV grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 24,793 shares of the company’s stock worth $4,703,000 after purchasing an additional 342 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $194.79 on Thursday. The firm has a market capitalization of $76.78 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $197.48. The company has a 50-day moving average of $190.45 and a 200 day moving average of $188.00.

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.