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

Archer Investment Corp grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,940 shares of the company’s stock after buying an additional 14,578 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 3.2% of Archer Investment Corp’s holdings, making the stock its 3rd biggest holding. Archer Investment Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,993,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RSP. CPA Asset Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock worth $248,000 after acquiring an additional 62 shares during the last quarter. Inlet Private Wealth LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after buying an additional 63 shares during the period. Delta Investment Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock worth $2,603,000 after buying an additional 65 shares during the period. America First Investment Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% during the 2nd quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock worth $428,000 after buying an additional 66 shares during the period. Finally, Opal Wealth Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% during the 2nd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the company’s stock worth $715,000 after buying an additional 67 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 0.1 %

Shares of NYSEARCA RSP traded down $0.20 during midday trading on Friday, reaching $182.04. The company’s stock had a trading volume of 492,702 shares, compared to its average volume of 6,075,596. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $144.35 and a fifty-two week high of $185.79. The stock has a 50 day simple moving average of $178.46 and a 200-day simple moving average of $171.06. The stock has a market capitalization of $60.97 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).