Alpha Cubed Investments LLC Trims Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Alpha Cubed Investments LLC trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,377 shares of the company’s stock after selling 1,480 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,994,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CPA Asset Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after buying an additional 62 shares in the last quarter. Inlet Private Wealth LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the third quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after acquiring an additional 63 shares in the last quarter. Abound Wealth Management lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the 4th quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock worth $706,000 after acquiring an additional 63 shares during the last quarter. Delta Investment Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 2nd quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock valued at $2,603,000 after purchasing an additional 65 shares in the last quarter. Finally, Founders Financial Alliance LLC raised its position in Invesco S&P 500 Equal Weight ETF by 2.4% in the 2nd quarter. Founders Financial Alliance LLC now owns 2,852 shares of the company’s stock worth $469,000 after purchasing an additional 67 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5 %

Shares of NYSEARCA:RSP opened at $180.04 on Tuesday. The stock has a market capitalization of $60.30 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $153.16 and a 12-month high of $188.16. The stock’s 50-day moving average price is $180.54 and its 200-day moving average price is $176.12.

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).