Patton Fund Management Inc. Trims Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Patton Fund Management Inc. cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,815 shares of the company’s stock after selling 8,688 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 3.9% of Patton Fund Management Inc.’s portfolio, making the stock its 3rd largest position. Patton Fund Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,780,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in 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 valued at $4,481,285,000 after buying an additional 1,103,629 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 11.7% during 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. Japan Science & Technology Agency bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $656,908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Invesco S&P 500 Equal Weight ETF by 119.1% in 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 purchasing an additional 1,102,322 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 24.0% during the second quarter. Cerity Partners LLC now owns 1,701,457 shares of the company’s stock valued at $309,223,000 after buying an additional 329,842 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $193.54 on Tuesday. The company has a 50-day simple moving average of $189.49 and a two-hundred day simple moving average of $186.78. The firm has a market capitalization of $74.86 billion, a PE 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 $195.46.

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.