Sheets Smith Wealth Management Raises Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sheets Smith Wealth Management increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NTV Asset Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.2% in the fourth quarter. NTV Asset Management LLC now owns 112,790 shares of the company’s stock worth $17,798,000 after acquiring an additional 1,369 shares during the period. National Bank of Canada FI lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 49.0% in the 4th quarter. National Bank of Canada FI now owns 137,522 shares of the company’s stock worth $21,683,000 after purchasing an additional 45,244 shares during the period. First National Trust Co lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 47.6% in the 4th quarter. First National Trust Co now owns 28,329 shares of the company’s stock worth $4,470,000 after purchasing an additional 9,136 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 51,567 shares of the company’s stock valued at $8,137,000 after purchasing an additional 2,362 shares in the last quarter. Finally, Montis Financial LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $436,000.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP traded up $1.15 during midday trading on Friday, hitting $162.79. 9,751,402 shares of the company traded hands, compared to its average volume of 6,600,866. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80. The company’s 50-day simple moving average is $164.24 and its 200-day simple moving average is $155.95. The company has a market cap of $54.52 billion, a PE 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).