Ciovacco Capital Management LLC Trims Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Ciovacco Capital Management LLC decreased its stake 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 1.2% of Ciovacco Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Ciovacco Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. NBZ Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $26,000. Dorato Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $26,000. Aviso Financial Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $28,000. IMA Advisory Services Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $33,000. Finally, Cloud Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $35,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

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

Shares of RSP opened at $207.49 on Thursday. The business has a 50-day simple moving average of $199.26 and a two-hundred day simple moving average of $196.93. The stock has a market cap 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 52 week low of $174.27 and a 52 week 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.