Consolidated Capital Management LLC Decreases Position in Invesco S&P 500 Equal Weight ETF $RSP

Consolidated Capital Management LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 65.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,931 shares of the company’s stock after selling 80,156 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 2.5% of Consolidated Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Consolidated Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,224,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RSP. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $327,184,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after buying an additional 959,176 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5,593.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock worth $186,343,000 after buying an additional 955,677 shares during the period. AlphaCore Capital LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 622.2% in the fourth quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock worth $113,698,000 after buying an additional 511,351 shares during the period. Finally, Endurance Services Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $96,962,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

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

RSP opened at $208.83 on Friday. The company has a market cap of $90.09 billion, a P/E ratio of 20.10 and a beta of 0.92. The business’s 50-day moving average price is $199.81 and its 200-day moving average price is $197.16. Invesco S&P 500 Equal Weight ETF has a 12 month low of $174.27 and a 12 month high of $209.32.

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). 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.