Capital Investment Counsel Inc Reduces Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Capital Investment Counsel Inc trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,401 shares of the company’s stock after selling 147 shares during the period. Capital Investment Counsel Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Blue Chip Partners LLC increased its position in Invesco S&P 500 Equal Weight ETF by 83.4% during the fourth quarter. Blue Chip Partners LLC now owns 24,388 shares of the company’s stock valued at $3,848,000 after acquiring an additional 11,093 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 43.6% in the 4th quarter. Silver Oak Securities Incorporated now owns 8,598 shares of the company’s stock worth $1,357,000 after purchasing an additional 2,609 shares during the period. Fiduciary Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Fiduciary Group LLC now owns 38,413 shares of the company’s stock worth $6,062,000 after purchasing an additional 1,411 shares during the period. Meridian Wealth Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $251,000. Finally, Magnus Financial Group LLC grew its position in Invesco S&P 500 Equal Weight ETF by 6.5% during the fourth quarter. Magnus Financial Group LLC now owns 24,249 shares of the company’s stock valued at $3,826,000 after buying an additional 1,484 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7 %

Shares of RSP stock opened at $163.56 on Tuesday. The company has a 50 day simple moving average of $164.18 and a two-hundred day simple moving average of $155.38. The stock has a market cap of $55.54 billion, a P/E ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $169.80.

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).