Patton Fund Management Inc. Reduces Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Patton Fund Management Inc. lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.0% in the third quarter, Holdings Channel reports. The institutional investor owned 114,815 shares of the company’s stock after selling 8,688 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 3.9% of Patton Fund Management Inc.’s portfolio, making the stock its 3rd biggest position. Patton Fund Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Precedent Wealth Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 14.6% during the third quarter. Precedent Wealth Partners LLC now owns 37,771 shares of the company’s stock valued at $7,165,000 after acquiring an additional 4,803 shares in the last quarter. Berger Financial Group Inc lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the third quarter. Berger Financial Group Inc now owns 2,678 shares of the company’s stock valued at $508,000 after purchasing an additional 68 shares in the last quarter. HBK Sorce Advisory LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.0% during the third quarter. HBK Sorce Advisory LLC now owns 27,099 shares of the company’s stock valued at $5,175,000 after buying an additional 784 shares during the last quarter. S.A. Mason LLC raised its position in Invesco S&P 500 Equal Weight ETF by 7.6% in the 3rd quarter. S.A. Mason LLC now owns 1,419 shares of the company’s stock worth $269,000 after buying an additional 100 shares during the last quarter. Finally, Berkshire Money Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.9% during the 3rd quarter. Berkshire Money Management Inc. now owns 282,337 shares of the company’s stock valued at $53,559,000 after acquiring an additional 34,350 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $193.54 on Tuesday. The company’s 50 day moving average is $189.49 and its 200 day moving average is $186.78. The company has a market cap of $74.86 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $195.46.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.