Invesco S&P 500 Equal Weight ETF $RSP Stock Position Trimmed by Joule Financial LLC

Joule Financial LLC trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 220,490 shares of the company’s stock after selling 2,884 shares during the period. 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’s holdings in Invesco S&P 500 Equal Weight ETF were worth $42,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after acquiring an additional 635,369 shares during the period. Phoenix Financial Ltd. grew its holdings in Invesco S&P 500 Equal Weight ETF by 13.8% in the third quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after purchasing an additional 214,432 shares during the period. Cerity Partners LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 3.2% in the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock valued at $333,186,000 after purchasing an additional 54,925 shares during the period. Lbmc Investment Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 0.5% during the third quarter. Lbmc Investment Advisors LLC now owns 1,336,510 shares of the company’s stock worth $253,536,000 after purchasing an additional 6,770 shares during the last quarter. Finally, Focus Partners Wealth increased its position in Invesco S&P 500 Equal Weight ETF by 13.2% during the third quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock worth $245,646,000 after purchasing an additional 150,899 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $193.09 on Friday. The company has a market cap of $85.47 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm’s 50 day moving average is $198.20 and its two-hundred day moving average is $193.57. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $205.24.

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.