Madden Advisory Services Inc. Invests $275,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Madden Advisory Services Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, HoldingsChannel.com reports. The firm purchased 1,536 shares of the company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after buying an additional 18,390,083 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after buying an additional 6,352,369 shares during the period. JPMorgan Chase & Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after buying an additional 2,328,560 shares during the period. US Bancorp DE raised its position in Invesco S&P 500 Equal Weight ETF by 2,150.4% in the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock valued at $342,213,000 after purchasing an additional 1,990,537 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 174.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock worth $384,415,000 after buying an additional 1,488,000 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $176.61 on Tuesday. The stock has a 50-day simple moving average of $177.07 and a 200-day simple moving average of $169.99. The firm has a market cap of $59.15 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $139.03 and a 1 year high of $182.22.

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).