Flaharty Asset Management LLC Cuts Stock Position in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)

Flaharty Asset Management LLC lessened its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 334,947 shares of the company’s stock after selling 6,718 shares during the quarter. Invesco S&P 500 Equal Weight Energy ETF makes up approximately 3.7% of Flaharty Asset Management LLC’s portfolio, making the stock its 9th largest holding. Flaharty Asset Management LLC owned 4.54% of Invesco S&P 500 Equal Weight Energy ETF worth $25,577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 3.0% in the third quarter. FMR LLC now owns 5,973 shares of the company’s stock valued at $458,000 after purchasing an additional 174 shares during the period. Private Advisor Group LLC raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 20,891 shares of the company’s stock valued at $1,595,000 after purchasing an additional 201 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 2.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 8,529 shares of the company’s stock valued at $651,000 after purchasing an additional 210 shares during the period. SteelPeak Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 8.8% in the fourth quarter. SteelPeak Wealth LLC now owns 3,725 shares of the company’s stock valued at $284,000 after purchasing an additional 300 shares during the period. Finally, Longview Financial Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.8% in the fourth quarter. Longview Financial Advisors Inc. now owns 6,754 shares of the company’s stock valued at $516,000 after purchasing an additional 311 shares during the period.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 1.8 %

NYSEARCA:RSPG opened at $80.87 on Friday. Invesco S&P 500 Equal Weight Energy ETF has a 12 month low of $72.86 and a 12 month high of $86.61. The firm has a market cap of $596.01 million, a price-to-earnings ratio of 11.59 and a beta of 0.56. The company’s 50 day moving average is $80.32 and its 200-day moving average is $79.69.

Invesco S&P 500 Equal Weight Energy ETF Profile

The Invesco S&P 500 Equal Weight Energy ETF (RSPG) is an exchange-traded fund that is based on the S&P 500 Equal Weight Energy Plus index. The fund tracks an equal-weighted index of US energy companies in the S&P 500. RSPG was launched on Nov 1, 2006 and is managed by Invesco.