Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Acquired by Sheets Smith Wealth Management

Sheets Smith Wealth Management boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% during the fourth quarter, HoldingsChannel reports. The fund owned 19,300 shares of the company’s stock after buying an additional 464 shares during the period. Sheets Smith Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,046,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Xponance Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.0% in the 3rd quarter. Xponance Inc. now owns 3,131 shares of the company’s stock valued at $444,000 after acquiring an additional 148 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 126.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock valued at $6,384,000 after purchasing an additional 22,615 shares during the last quarter. TFB Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 38.5% in the fourth quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock valued at $310,000 after purchasing an additional 546 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Invesco S&P 500 Equal Weight ETF by 161.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 15,493 shares of the company’s stock worth $2,195,000 after purchasing an additional 9,573 shares in the last quarter. Finally, Roble Belko & Company Inc purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $263,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock traded up $1.15 on Friday, hitting $162.79. The stock had a trading volume of 9,751,402 shares, compared to its average volume of 6,600,866. The company’s 50 day moving average price is $164.24 and its 200-day moving average price is $155.95. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $169.80. The firm has a market capitalization of $54.52 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).