Axxcess Wealth Management LLC Cuts Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Axxcess Wealth Management LLC reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 51.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,618 shares of the company’s stock after selling 19,767 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,262,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Beta Wealth Group Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.4% during the fourth quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after purchasing an additional 150 shares in the last quarter. Tidemark LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 31.4% during the 4th quarter. Tidemark LLC now owns 431 shares of the company’s stock valued at $76,000 after acquiring an additional 103 shares during the period. Ceera Investments LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $267,000. Sandy Cove Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $222,000. Finally, Permanent Capital Management LP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $25,956,000.

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

Shares of RSP stock opened at $174.08 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16. The stock has a market capitalization of $72.52 billion, a P/E ratio of 20.93 and a beta of 1.07. The firm’s 50 day moving average is $178.68 and its 200 day moving average is $179.10.

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).