Paulson Wealth Management Inc. Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Paulson Wealth Management Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 148.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,700 shares of the company’s stock after purchasing an additional 7,594 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 0.6% of Paulson Wealth Management Inc.’s holdings, making the stock its 24th biggest holding. Paulson Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RSP. Cloud Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $35,000. Joule Financial LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the 3rd quarter. Joule Financial LLC now owns 223,374 shares of the company’s stock valued at $42,374,000 after purchasing an additional 3,074 shares during the period. AE Wealth Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. AE Wealth Management LLC now owns 9,796 shares of the company’s stock valued at $1,858,000 after purchasing an additional 537 shares in the last quarter. Coastal Bridge Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 2.8% in the third quarter. Coastal Bridge Advisors LLC now owns 21,922 shares of the company’s stock worth $4,159,000 after purchasing an additional 599 shares during the period. Finally, Traynor Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $422,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $198.26 on Thursday. The firm’s 50-day moving average price is $193.81 and its 200-day moving average price is $189.64. The company has a market capitalization of $82.27 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $200.78.

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.