Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Bought by Archer Investment Corp

Archer Investment Corp grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 118.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,357 shares of the company’s stock after acquiring an additional 25,177 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 2.4% of Archer Investment Corp’s portfolio, making the stock its 4th biggest position. Archer Investment Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 59.6% in the first quarter. Ironwood Wealth Management LLC. now owns 8,585 shares of the company’s stock valued at $1,354,000 after buying an additional 3,207 shares in the last quarter. BlackRock Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the first quarter. BlackRock Inc. now owns 170,508 shares of the company’s stock valued at $26,891,000 after buying an additional 663 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.7% in the first quarter. Vontobel Holding Ltd. now owns 11,000 shares of the company’s stock valued at $1,735,000 after buying an additional 2,250 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 46.5% in the first quarter. Baird Financial Group Inc. now owns 333,958 shares of the company’s stock valued at $52,669,000 after buying an additional 105,955 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 89.8% in the first quarter. Mather Group LLC. now owns 2,604 shares of the company’s stock valued at $411,000 after buying an additional 1,232 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP traded down $0.18 on Wednesday, reaching $159.51. The company’s stock had a trading volume of 6,185,876 shares, compared to its average volume of 6,625,819. The stock has a market cap of $54.16 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $169.80. The business’s 50 day moving average is $163.79 and its 200 day moving average is $154.04.

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).