Northwest Wealth Management LLC Trims Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Northwest Wealth Management LLC lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,648 shares of the company’s stock after selling 1,025 shares during the quarter. Northwest Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $639,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Wellington Shields Capital Management LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 22.4% in the 4th quarter. Wellington Shields Capital Management LLC now owns 6,550 shares of the company’s stock worth $1,148,000 after buying an additional 1,200 shares during the period. Renasant Bank raised its position in shares of Invesco S&P 500 Equal Weight ETF by 25.7% in the 4th quarter. Renasant Bank now owns 17,516 shares of the company’s stock worth $3,069,000 after buying an additional 3,581 shares during the period. May Barnhard Investments LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $225,000. JPL Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $298,000. Finally, MGO Private Wealth LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $1,182,000.

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

Shares of RSP opened at $169.43 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $158.83 and a twelve month high of $188.16. The firm has a market capitalization of $70.43 billion, a P/E ratio of 21.37 and a beta of 1.07. The stock’s fifty day simple moving average is $178.80 and its 200 day simple moving average is $179.05.

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).