Invesco S&P 500 Equal Weight ETF $RSP is Archer Investment Corp’s 4th Largest Position

Archer Investment Corp lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,561 shares of the company’s stock after selling 2,991 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 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.

Other institutional investors have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after buying an additional 51 shares in the last quarter. Ballast Rock Private Wealth LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after purchasing an additional 51 shares during the last quarter. Pacific Point Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after acquiring an additional 52 shares during the period. Merkkuri Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after acquiring an additional 54 shares during the period. Finally, Jessup Wealth Management Inc boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.8% during the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after acquiring an additional 55 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $214.23 on Tuesday. The firm has a market capitalization of $96.70 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company’s 50-day moving average is $208.80 and its two-hundred day moving average is $201.85. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37.

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). 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.