Sheets Smith Wealth Management Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sheets Smith Wealth Management boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,163 shares of the company’s stock after acquiring an additional 521 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.8% of Sheets Smith Wealth Management’s portfolio, making the stock its 29th largest holding. Sheets Smith Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,687,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $222,000. Riversedge Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 6.7% during the 3rd quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock worth $22,471,000 after acquiring an additional 7,883 shares during the last quarter. Blue Trust Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 39.6% in the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after purchasing an additional 173 shares during the period. Brightwater Advisory LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $3,227,000. Finally, Montis Financial LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 61.3% during the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock valued at $9,992,000 after purchasing an additional 21,202 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Up 1.2 %

Shares of NYSEARCA RSP opened at $182.13 on Wednesday. The firm’s fifty day moving average is $180.44 and its 200 day moving average is $176.24. The company has a market cap of $61.00 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $155.79 and a 52 week high of $188.16.

Invesco S&P 500 Equal Weight ETF 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).