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

Joule Financial LLC trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,490 shares of the company’s stock after selling 2,884 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 12.7% of Joule Financial LLC’s portfolio, making the stock its 2nd biggest holding. Joule Financial LLC owned approximately 0.05% of Invesco S&P 500 Equal Weight ETF worth $42,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $11,553,000. Finally, Rhumbline Advisers boosted its position in Invesco S&P 500 Equal Weight ETF by 46.5% during the second quarter. Rhumbline Advisers now owns 22,322 shares of the company’s stock worth $4,057,000 after acquiring an additional 7,086 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $193.09 on Friday. The stock has a market capitalization of $85.47 billion, a P/E ratio of 20.10 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 $205.24. The company has a 50 day moving average price of $198.20 and a two-hundred day moving average price of $193.57.

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.