Tucker Asset Management LLC Sells 13,541 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Tucker Asset Management LLC lowered its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,446 shares of the company’s stock after selling 13,541 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 7.8% of Tucker Asset Management LLC’s 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 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RSP. NBZ Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $26,000. Dorato Capital Management acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $28,000. IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $33,000. Finally, Cloud Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $201.56 on Monday. The business’s 50 day simple moving average is $197.89 and its 200 day simple moving average is $195.95. Invesco S&P 500 Equal Weight ETF has a 52-week low of $173.00 and a 52-week high of $205.53. The firm has a market cap of $86.95 billion, a PE ratio of 20.10 and a beta of 0.92.

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.