Invesco S&P 500 Equal Weight ETF $RSP Stock Position Decreased by Archer Investment Corp

Archer Investment Corp reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,561 shares of the company’s stock after selling 2,991 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 3.0% of Archer Investment Corp’s investment portfolio, making the stock its 4th largest holding. Archer Investment Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,118,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of RSP. Brookstone Capital Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares during the period. Banta Asset Management LP bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $1,654,000. Allen Investment Management LLC increased its position in Invesco S&P 500 Equal Weight ETF by 32.8% during the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares during the period. Vise Technologies Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 144.2% during the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after purchasing an additional 2,983 shares during the period. Finally, Capital Investment Advisory Services LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 67.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock valued at $13,586,000 after purchasing an additional 28,586 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $214.23 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $216.37. The firm’s 50 day moving average price is $208.80 and its 200-day moving average price is $201.85. The company has a market cap of $96.70 billion, a PE ratio of 20.10 and a beta of 0.91.

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). 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.