Arkadios Wealth Advisors Grows Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Arkadios Wealth Advisors boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Rating) by 50.1% in the 4th quarter, Holdings Channel reports. The fund owned 15,560 shares of the company’s stock after purchasing an additional 5,196 shares during the period. Arkadios Wealth Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $2,198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RSP. Salem Investment Counselors Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $26,000. SOA Wealth Advisors LLC. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $31,000. Carolinas Wealth Consulting LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $32,000. Bourgeon Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $32,000. Finally, Mach 1 Financial Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $37,000.

Invesco S&P 500 Equal Weight ETF Stock Down 1.7 %

Shares of NYSEARCA RSP traded down $2.37 during trading on Friday, hitting $138.03. 4,967,326 shares of the company traded hands, compared to its average volume of 3,332,961. Invesco S&P 500 Equal Weight ETF has a 1 year low of $124.92 and a 1 year high of $161.24. The company has a 50-day moving average price of $148.11 and a 200-day moving average price of $142.48. The firm has a market capitalization of $32.94 billion, a P/E ratio of 16.13 and a beta of 1.06.

Invesco S&P 500 Equal Weight ETF Company Profile

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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).