Sterneck Capital Management LLC Has $16.91 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sterneck Capital Management LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 96,487 shares of the company’s stock after selling 1,491 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 9.1% of Sterneck Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Sterneck Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $28,000. GHP Investment Advisors Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $29,000. Richardson Financial Services Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. Finally, Bristlecone Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth $33,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $175.61 on Wednesday. The company has a fifty day moving average price of $181.01 and a two-hundred day moving average price of $175.42. Invesco S&P 500 Equal Weight ETF has a one year low of $153.10 and a one year high of $188.16. The stock has a market cap of $58.82 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).