Sax Wealth Advisors LLC Purchases 9,887 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Sax Wealth Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 105.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,281 shares of the company’s stock after purchasing an additional 9,887 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,504,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RSP. Brighton Jones LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $83,931,000. Bison Wealth LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.1% in the first quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock worth $2,639,000 after purchasing an additional 873 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 19.8% in the first quarter. UMB Bank n.a. now owns 10,558 shares of the company’s stock worth $1,829,000 after purchasing an additional 1,742 shares during the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $190.35 on Wednesday. The business’s 50 day moving average is $187.39 and its two-hundred day moving average is $179.39. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $192.30. The stock has a market capitalization of $74.82 billion, a P/E ratio of 20.10 and a beta of 1.05.

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).