Lunt Capital Management Inc. Has $6.41 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Lunt Capital Management Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,456 shares of the company’s stock after buying an additional 6,759 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 2.4% of Lunt Capital Management Inc.’s investment portfolio, making the stock its 12th biggest position. Lunt Capital Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,409,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pacific Point Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.2% in the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after purchasing an additional 52 shares during the period. Drucker Wealth 3.0 LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.3% in the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after purchasing an additional 55 shares during the period. Strategies Wealth Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after purchasing an additional 55 shares during the period. Battery Global Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after purchasing an additional 55 shares during the period. Finally, Burns J W & Co. Inc. NY increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock valued at $2,519,000 after purchasing an additional 57 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 1.1%

NYSEARCA RSP opened at $198.83 on Tuesday. The company has a market capitalization of $87.39 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a twelve month low of $157.71 and a twelve month high of $205.24. The stock has a fifty day simple moving average of $197.94 and a 200 day simple moving average of $193.95.

Invesco S&P 500 Equal Weight ETF Company 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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.