Ciovacco Capital Management LLC Lowers Position in Invesco S&P 500 Equal Weight ETF $RSP

Ciovacco Capital Management LLC lessened its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,964 shares of the company’s stock after selling 2,454 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 1.2% of Ciovacco Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Ciovacco Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSP. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 2.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after buying an additional 635,369 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $327,184,000. HighTower Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 4.1% during the fourth quarter. HighTower Advisors LLC now owns 1,409,611 shares of the company’s stock valued at $270,025,000 after buying an additional 55,250 shares during the last quarter. Focus Partners Wealth raised its stake in Invesco S&P 500 Equal Weight ETF by 13.2% during the third quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock valued at $245,646,000 after buying an additional 150,899 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 5,593.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after buying an additional 955,677 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.1%

Shares of NYSEARCA:RSP opened at $207.49 on Thursday. The stock has a fifty day simple moving average of $199.26 and a two-hundred day simple moving average of $196.93. The stock has a market capitalization of $89.51 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $174.27 and a 12-month high of $208.73.

Invesco S&P 500 Equal Weight ETF Company 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.