Sheets Smith Investment Management Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sheets Smith Investment Management purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 35,441 shares of the company’s stock, valued at approximately $6,210,000. Invesco S&P 500 Equal Weight ETF accounts for about 5.3% of Sheets Smith Investment Management’s investment portfolio, making the stock its 4th biggest holding.

A number of other institutional investors also recently modified their holdings of the company. SJS Investment Consulting Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 157.1% during the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after acquiring an additional 88 shares during the period. Van ECK Associates Corp increased its position in Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares during the period. FPC Investment Advisory Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $28,000. Truvestments Capital LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $29,000. Finally, Hemington Wealth Management increased its position in Invesco S&P 500 Equal Weight ETF by 84.0% during the fourth quarter. Hemington Wealth Management now owns 184 shares of the company’s stock worth $32,000 after acquiring an additional 84 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 0.5 %

Shares of RSP stock opened at $173.84 on Monday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $158.83 and a 1 year high of $188.16. The firm’s fifty day simple moving average is $178.66 and its 200 day simple moving average is $179.10. The firm has a market capitalization of $72.42 billion, a P/E ratio of 20.93 and a beta of 1.07.

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).