Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Sold by Sterneck Capital Management LLC

Sterneck Capital Management LLC decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,487 shares of the company’s stock after selling 1,491 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 9.1% of Sterneck Capital Management LLC’s portfolio, making the stock its 2nd largest position. Sterneck Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McAlister Sweet & Associates Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 74.9% in the 4th quarter. McAlister Sweet & Associates Inc. now owns 56,559 shares of the company’s stock valued at $9,911,000 after buying an additional 24,227 shares during the period. Strathmore Capital Advisors Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $250,000. Bank of New Hampshire grew its stake in Invesco S&P 500 Equal Weight ETF by 4.0% in the fourth quarter. Bank of New Hampshire now owns 2,100 shares of the company’s stock valued at $368,000 after acquiring an additional 81 shares during the period. Bangor Savings Bank grew its stake in Invesco S&P 500 Equal Weight ETF by 31.1% in the fourth quarter. Bangor Savings Bank now owns 10,245 shares of the company’s stock valued at $1,795,000 after acquiring an additional 2,431 shares during the period. Finally, Advance Capital Management Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.3% in the fourth quarter. Advance Capital Management Inc. now owns 7,910 shares of the company’s stock worth $1,386,000 after acquiring an additional 536 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $175.61 on Wednesday. The company has a market capitalization of $58.82 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.10 and a 52 week high of $188.16. The company’s 50 day moving average price is $181.01 and its two-hundred day moving average price is $175.42.

Invesco S&P 500 Equal Weight ETF 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).