Novare Capital Management LLC Sells 2,771 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Novare Capital Management LLC lessened its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 69.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,228 shares of the company’s stock after selling 2,771 shares during the period. Novare Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Pacific Point Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 4.2% in the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after purchasing an additional 52 shares in the last quarter. Drucker Wealth 3.0 LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 3.3% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after purchasing an additional 55 shares in the last quarter. Strategies Wealth Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 3.5% in the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after purchasing an additional 55 shares in the last quarter. Battery Global Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after purchasing an additional 55 shares in the last quarter. Finally, HORAN Wealth LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 1.2% in the 4th quarter. HORAN Wealth LLC now owns 4,770 shares of the company’s stock worth $914,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 1.0%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $201.56 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $173.00 and a twelve month high of $205.53. The company has a 50-day simple moving average of $197.89 and a two-hundred day simple moving average of $195.92. The stock has a market capitalization of $86.95 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.