Martel Wealth Advisors Inc Cuts Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Martel Wealth Advisors Inc lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,725 shares of the company’s stock after selling 497 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 0.6% of Martel Wealth Advisors Inc’s portfolio, making the stock its 20th largest position. Martel Wealth Advisors Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,106,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Culbertson A N & Co. Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 126.7% in the fourth quarter. Culbertson A N & Co. Inc. now owns 3,971 shares of the company’s stock valued at $696,000 after purchasing an additional 2,219 shares during the period. ZWJ Investment Counsel Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 6.0% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 45,691 shares of the company’s stock valued at $8,006,000 after purchasing an additional 2,573 shares in the last quarter. Tudor Financial Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 14.5% in the 4th quarter. Tudor Financial Inc. now owns 11,718 shares of the company’s stock valued at $2,053,000 after purchasing an additional 1,485 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 40,404 shares of the company’s stock valued at $7,080,000 after buying an additional 1,119 shares during the period. Finally, Sky Investment Group LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 14.7% during the fourth quarter. Sky Investment Group LLC now owns 2,748 shares of the company’s stock worth $482,000 after buying an additional 353 shares in the last quarter.

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

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

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).