Archer Investment Corp Has $7.32 Million Stock Position 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 118.9% in the fourth quarter, HoldingsChannel reports. The firm owned 46,357 shares of the company’s stock after buying an additional 25,177 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.4% of Archer Investment Corp’s holdings, making the stock its 4th largest holding. Archer Investment Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,315,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $26,000. Salem Investment Counselors Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $28,000. Core Wealth Advisors Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $38,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $44,000.

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

RSP traded down $0.18 on Wednesday, hitting $159.51. The company’s stock had a trading volume of 6,185,876 shares, compared to its average volume of 6,625,819. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $169.80. The firm has a market cap of $54.16 billion, a P/E ratio of 20.43 and a beta of 0.93. The company’s 50 day simple moving average is $163.79 and its 200-day simple moving average is $154.04.

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).