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

Sheets Smith Investment Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,441 shares of the company’s stock, valued at approximately $6,210,000. Invesco S&P 500 Equal Weight ETF makes up approximately 5.3% of Sheets Smith Investment Management’s holdings, making the stock its 4th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,504 shares of the company’s stock valued at $2,957,000 after purchasing an additional 197 shares in the last quarter. Commerce Bank boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 85.9% in the 3rd quarter. Commerce Bank now owns 6,243 shares of the company’s stock valued at $1,118,000 after purchasing an additional 2,885 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 14,591 shares of the company’s stock valued at $2,614,000 after purchasing an additional 599 shares in the last quarter. Jim Saulnier & Associates LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $240,000. Finally, StoneX Group Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.8% in the 3rd quarter. StoneX Group Inc. now owns 138,872 shares of the company’s stock valued at $24,880,000 after purchasing an additional 10,003 shares in the last quarter.

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

Shares of NYSEARCA RSP opened at $173.84 on Monday. The firm’s 50-day simple moving average is $178.66 and its 200 day simple moving average is $179.10. The company has a market cap of $72.42 billion, a price-to-earnings ratio of 20.93 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-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).