Joule Financial LLC Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Joule Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,374 shares of the company’s stock after acquiring an additional 3,074 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 12.7% of Joule Financial LLC’s portfolio, making the stock its 2nd largest position. Joule Financial LLC owned 0.06% of Invesco S&P 500 Equal Weight ETF worth $42,374,000 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. North Peak Capital Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 227.3% during the second quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock valued at $249,735,000 after buying an additional 2,453,262 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after acquiring an additional 1,103,629 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 119.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after acquiring an additional 1,102,322 shares in the last quarter. Corient Private Wealth LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 303.3% during the second quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock valued at $184,495,000 after acquiring an additional 763,825 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Invesco S&P 500 Equal Weight ETF by 11.7% in the second quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after acquiring an additional 589,365 shares in 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 Trading Down 0.3%

Shares of RSP stock opened at $198.26 on Thursday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $200.78. The business’s fifty day simple moving average is $193.81 and its 200-day simple moving average is $189.64. The company has a market cap of $82.27 billion, a PE ratio of 20.10 and a beta of 0.99.

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.