Invesco S&P 500 Equal Weight ETF $RSP is Joule Financial LLC’s 2nd Largest Position

Joule Financial LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 223,374 shares of the company’s stock after purchasing an additional 3,074 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 12.7% of Joule Financial LLC’s investment portfolio, making the stock its 2nd biggest holding. Joule Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $42,374,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RSP. Investment Counsel Co. of Nevada acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $29,000. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $32,000. GoalVest Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth about $34,000. Copia Wealth Management boosted its position in Invesco S&P 500 Equal Weight ETF by 335.8% in the third quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after buying an additional 178 shares during the last quarter. Finally, Howe & Rusling Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 51.9% in the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after buying an additional 98 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3%

RSP opened at $198.26 on Thursday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $200.78. The firm has a market capitalization of $82.27 billion, a PE ratio of 20.10 and a beta of 0.99. The firm has a 50 day moving average of $193.81 and a two-hundred day moving average of $189.64.

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.