Sheets Smith Wealth Management Buys 521 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sheets Smith Wealth Management grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,163 shares of the company’s stock after acquiring an additional 521 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 0.8% of Sheets Smith Wealth Management’s holdings, making the stock its 29th largest holding. Sheets Smith Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,687,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sandy Cove Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $222,000. Riversedge Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after buying an additional 7,883 shares during the period. Blue Trust Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 39.6% in the third quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after acquiring an additional 173 shares during the period. Brightwater Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $3,227,000. Finally, Montis Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 61.3% in the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock valued at $9,992,000 after purchasing an additional 21,202 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $182.13 on Wednesday. The company has a market capitalization of $61.00 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $155.79 and a fifty-two week high of $188.16. The stock has a fifty day moving average of $180.44 and a 200-day moving average of $176.24.

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).