Saxony Capital Management LLC Increases Stake in Invesco S&P 500 Equal Weight ETF $RSP

Saxony Capital Management LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 29.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,217 shares of the company’s stock after buying an additional 498 shares during the period. Saxony Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $403,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RSP. Brighton Jones LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $83,931,000. Bison Wealth LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.2% during the first quarter. Golden State Wealth Management LLC now owns 3,280 shares of the company’s stock valued at $568,000 after buying an additional 660 shares during the period. Finally, Novem Group increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.6% during the first quarter. Novem Group now owns 1,291 shares of the company’s stock valued at $224,000 after buying an additional 68 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 Trading Up 0.2%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $187.93 on Friday. The firm has a market cap of $72.61 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $192.33. The stock’s fifty day moving average price is $188.90 and its 200-day moving average price is $182.23.

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).