Joule Financial LLC Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Joule Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,000 shares of the company’s stock after acquiring an additional 8,215 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 13.3% of Joule Financial LLC’s portfolio, making the stock its 2nd largest position. Joule Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $37,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in RSP. Eastern Bank purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $28,000. GHP Investment Advisors Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after acquiring an additional 83 shares in the last quarter. Finally, Bristlecone Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5 %

Shares of RSP stock opened at $180.04 on Friday. The company has a market cap of $60.30 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $153.16 and a 12-month high of $188.16. The business’s fifty day simple moving average is $180.54 and its 200-day simple moving average is $176.04.

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).