Madden Advisory Services Inc. Makes New Investment 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) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,536 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. Eastern Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. Richardson Financial Services Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares during the period. DHJJ Financial Advisors Ltd. lifted its position in Invesco S&P 500 Equal Weight ETF by 107.5% in the second quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Finally, Creekmur Asset Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 90 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

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

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).