Capital Wealth Alliance LLC Reduces Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Capital Wealth Alliance LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,398 shares of the company’s stock after selling 522 shares during the quarter. Capital Wealth Alliance LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.1% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 56,934 shares of the company’s stock worth $9,977,000 after purchasing an additional 1,177 shares during the last quarter. Wealthcare Capital Partners LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $376,000. True Vision MN LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.0% in the 4th quarter. True Vision MN LLC now owns 3,041 shares of the company’s stock valued at $533,000 after purchasing an additional 117 shares in the last quarter. Sovran Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $647,000. Finally, Compound Global Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $546,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3 %

NYSEARCA:RSP opened at $180.73 on Tuesday. The stock has a market capitalization of $60.53 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $156.16 and a 52 week high of $188.16. The firm has a 50 day moving average of $179.62 and a 200 day moving average of $177.59.

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).