Tucker Asset Management LLC Has $26.90 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Tucker Asset Management LLC trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 140,446 shares of the company’s stock after selling 13,541 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 7.8% of Tucker Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Tucker Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,904,000 at the end of the most recent quarter.

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

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $201.56 on Monday. 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 market cap of $86.95 billion, a P/E ratio of 20.10 and a beta of 0.92. The business has a fifty day simple moving average of $197.89 and a 200 day simple moving average of $195.95.

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). 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.