Archer Investment Corp Boosts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Archer Investment Corp boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,108 shares of the company’s stock after buying an additional 5,168 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 3.4% 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 $12,636,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sandy Cove Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $222,000. Riversedge Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 6.7% in the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after acquiring an additional 7,883 shares during the last quarter. Blue Trust Inc. grew its position in shares of 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 valued at $100,000 after acquiring an additional 173 shares during the period. Montis Financial LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 61.3% during the 3rd quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock worth $9,992,000 after purchasing an additional 21,202 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock valued at $23,455,000 after purchasing an additional 2,206 shares during the last quarter.

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

Shares of NYSEARCA RSP opened at $181.11 on Friday. The business’s 50 day moving average price is $179.89 and its two-hundred day moving average price is $177.36. The company has a market cap of $60.66 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $156.16 and a twelve month high of $188.16.

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).