Alta Wealth Advisors LLC Trims Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Alta Wealth Advisors LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,412 shares of the company’s stock after selling 424 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 2.2% of Alta Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. Alta Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,979,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RSP. Keudell Morrison Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 20.7% in the 4th quarter. Keudell Morrison Wealth Management now owns 2,392 shares of the company’s stock worth $419,000 after purchasing an additional 411 shares during the period. Institute for Wealth Management LLC. boosted its stake in Invesco S&P 500 Equal Weight ETF by 17.1% during the fourth quarter. Institute for Wealth Management LLC. now owns 3,601 shares of the company’s stock worth $631,000 after buying an additional 525 shares during the period. CMG Global Holdings LLC increased its position in Invesco S&P 500 Equal Weight ETF by 64.0% during the fourth quarter. CMG Global Holdings LLC now owns 17,163 shares of the company’s stock valued at $3,115,000 after acquiring an additional 6,700 shares during the last quarter. Evernest Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.7% in the fourth quarter. Evernest Financial Advisors LLC now owns 67,667 shares of the company’s stock valued at $11,857,000 after acquiring an additional 454 shares during the period. Finally, Ridgepath Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $1,081,000.

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

RSP stock opened at $182.74 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $155.79 and a 12 month high of $188.16. The stock has a market cap of $61.21 billion, a PE ratio of 20.44 and a beta of 0.90. The company has a 50-day moving average price of $180.39 and a 200 day moving average price of $176.97.

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).