Courage Miller Partners LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Courage Miller Partners LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 63,950 shares of the company’s stock, valued at approximately $13,303,000. Invesco S&P 500 Equal Weight ETF accounts for about 3.5% of Courage Miller Partners LLC’s portfolio, making the stock its 9th largest holding.

Several other large investors also recently bought and sold shares of RSP. Venture Visionary Partners LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the third quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after acquiring an additional 5,887 shares during the last quarter. Rhodes Investment Advisors Inc. ADV purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $794,000. NewEdge Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 16.9% in the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock valued at $112,364,000 after acquiring an additional 76,324 shares during the last quarter. Corient Private Wealth LP lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.5% during the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock worth $84,412,000 after purchasing an additional 58,956 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $2,939,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

Shares of NYSEARCA:RSP opened at $216.64 on Thursday. The firm has a market cap of $100.12 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The stock’s 50-day moving average price is $215.49 and its two-hundred day moving average price is $211.02. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43.

Invesco S&P 500 Equal Weight ETF 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). 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.