Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Archer Investment Management LLC

Archer Investment Management LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 37.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,191 shares of the company’s stock after selling 4,310 shares during the quarter. Archer Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,378,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 107.0% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after purchasing an additional 137,493 shares during the last quarter. CMG Global Holdings LLC grew its position in Invesco S&P 500 Equal Weight ETF by 13.6% in the 3rd quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock valued at $6,741,000 after buying an additional 4,262 shares during the last quarter. Sowell Financial Services LLC grew its position in Invesco S&P 500 Equal Weight ETF by 23.2% in the 3rd quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock valued at $3,862,000 after buying an additional 3,829 shares during the last quarter. Argent Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 5.8% in the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after buying an additional 3,135 shares during the period. Finally, Roman Butler Fullerton & Co. increased its stake in Invesco S&P 500 Equal Weight ETF by 67.0% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after buying an additional 4,358 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $191.92 on Wednesday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The company has a market cap of $79.59 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm has a fifty day moving average of $199.38 and a two-hundred day moving average of $193.44.

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.