Archer Investment Corp Has $12.64 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Archer Investment Corp grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,108 shares of the company’s stock after purchasing an additional 5,168 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 3.4% of Archer Investment Corp’s holdings, making the stock its 4th biggest holding. Archer Investment Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,636,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RSP. SJS Investment Consulting Inc. boosted its holdings 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 buying an additional 88 shares during the last quarter. Eastern Bank acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $28,000. GHP Investment Advisors Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after acquiring an additional 72 shares during the last quarter. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $29,000. Finally, Richardson Financial Services Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $181.11 on Friday. The firm’s fifty day moving average is $179.89 and its two-hundred day moving average is $177.36. The firm has a market cap of $60.66 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $156.16 and a twelve month high of $188.16.

About Invesco S&P 500 Equal Weight ETF

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).