Saxony Capital Management LLC Buys 31,350 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Saxony Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,350 shares of the company’s stock, valued at approximately $6,521,000. Invesco S&P 500 Equal Weight ETF makes up approximately 2.6% of Saxony Capital Management LLC’s holdings, making the stock its 8th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $26,000. Brandywine Financial Group lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares during the period. Nalls Sherbakoff Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Rogco LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $34,000. Finally, Asset Dedication LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $215.00 on Friday. The firm’s 50-day simple moving average is $215.93 and its 200-day simple moving average is $210.35. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The firm has a market cap of $98.68 billion, a P/E ratio of 20.10 and a beta of 0.92.

Invesco S&P 500 Equal Weight ETF Company 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.