Patton Fund Management Inc. Acquires 22,430 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Patton Fund Management Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,453 shares of the company’s stock after acquiring an additional 22,430 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 4.7% of Patton Fund Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Patton Fund Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,532,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. NBZ Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $26,000. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $29,000. Finally, Hurley Capital LLC raised its position in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $210.31 on Monday. The business has a fifty day simple moving average of $206.21 and a 200 day simple moving average of $200.21. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $214.30. The firm has a market capitalization of $90.73 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.