Joule Financial LLC Has $37.63 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Joule Financial LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,207 shares of the company’s stock after purchasing an additional 2,207 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 13.2% of Joule Financial LLC’s holdings, making the stock its 2nd biggest position. Joule Financial LLC owned 0.05% of Invesco S&P 500 Equal Weight ETF worth $37,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RSP. Van ECK Associates Corp boosted its stake in Invesco S&P 500 Equal Weight ETF by 105.4% in the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing an additional 78 shares during the period. FPC Investment Advisory Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $28,000. Cambridge Financial Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $28,000. Joseph Group Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $29,000. Finally, Bridge Generations Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $178.69 on Friday. The company has a market capitalization of $72.23 billion, a P/E ratio of 20.59 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $188.16. The stock has a 50 day moving average price of $169.94 and a 200-day moving average price of $175.93.

Invesco S&P 500 Equal Weight ETF Company 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).