Meridian Wealth Management LLC Sells 2,811 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Meridian Wealth Management LLC trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,846 shares of the company’s stock after selling 2,811 shares during the quarter. Meridian Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,251,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RSP. Keene & Associates Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.6% in the fourth quarter. Keene & Associates Inc. now owns 9,901 shares of the company’s stock worth $1,735,000 after acquiring an additional 56 shares during the period. Beaumont Financial Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the 4th quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock valued at $327,000 after purchasing an additional 58 shares during the last quarter. Ingalls & Snyder LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the fourth quarter. Ingalls & Snyder LLC now owns 3,626 shares of the company’s stock worth $635,000 after buying an additional 58 shares during the period. Boston Standard Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the fourth quarter. Boston Standard Wealth Management LLC now owns 1,709 shares of the company’s stock worth $300,000 after purchasing an additional 61 shares during the period. Finally, Abound Wealth Management lifted its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the fourth quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock valued at $706,000 after purchasing an additional 63 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 1.1 %

Shares of NYSEARCA:RSP opened at $178.26 on Tuesday. The business has a 50 day moving average of $179.19 and a two-hundred day moving average of $179.05. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16. The company has a market capitalization of $74.10 billion, a PE ratio of 21.37 and a beta of 1.07.

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).