Madden Advisory Services Inc. Raises Position in Invesco S&P 500 Equal Weight ETF $RSP

Madden Advisory Services Inc. grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,921 shares of the company’s stock after purchasing an additional 172 shares during the quarter. Madden Advisory Services Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,258,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RSP. Nova Wealth Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $25,000. Uniplan Investment Counsel Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $26,000. Richardson Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $30,000. OLD Second National Bank of Aurora bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $31,000. Finally, Howe & Rusling Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after buying an additional 124 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.4%

RSP stock opened at $190.35 on Wednesday. The firm has a market cap of $74.82 billion, a PE ratio of 20.10 and a beta of 1.05. The business has a 50 day moving average of $187.39 and a 200-day moving average of $179.39. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $192.30.

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).