TCI Wealth Advisors Inc. Has $212,000 Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

TCI Wealth Advisors Inc. lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,210 shares of the company’s stock after selling 175 shares during the period. TCI Wealth Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Keudell Morrison Wealth Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 20.7% in the 4th quarter. Keudell Morrison Wealth Management now owns 2,392 shares of the company’s stock valued at $419,000 after acquiring an additional 411 shares in the last quarter. Institute for Wealth Management LLC. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.1% in the fourth quarter. Institute for Wealth Management LLC. now owns 3,601 shares of the company’s stock worth $631,000 after buying an additional 525 shares during the last quarter. CMG Global Holdings LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 64.0% during the 4th quarter. CMG Global Holdings LLC now owns 17,163 shares of the company’s stock worth $3,115,000 after buying an additional 6,700 shares during the period. Evernest Financial Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 0.7% in the 4th quarter. Evernest Financial Advisors LLC now owns 67,667 shares of the company’s stock valued at $11,857,000 after buying an additional 454 shares during the last quarter. Finally, Ridgepath Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $1,081,000.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $181.24 on Friday. The stock has a market capitalization of $60.70 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company has a 50-day moving average of $180.36 and a two-hundred day moving average of $177.01. Invesco S&P 500 Equal Weight ETF has a 52-week low of $155.79 and a 52-week high of $188.16.

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).