Archer Investment Management LLC Lowers Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Archer Investment Management LLC lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 31.3% during the second quarter, Holdings Channel.com reports. The fund owned 9,371 shares of the company’s stock after selling 4,273 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 1.2% of Archer Investment Management LLC’s holdings, making the stock its 20th largest holding. Archer Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $25,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $26,000. Richardson Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $30,000. OLD Second National Bank of Aurora purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $31,000. Finally, Howe & Rusling Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $188.13 on Wednesday. The business has a 50-day moving average of $186.13 and a 200-day moving average of $177.82. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $190.54. The company has a market capitalization of $74.58 billion, a PE ratio of 20.10 and a beta of 1.05.

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).