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

Saxony Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,350 shares of the company’s stock, valued at approximately $6,521,000. Invesco S&P 500 Equal Weight ETF accounts for about 2.6% of Saxony Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in RSP. Weaver Consulting Group raised its position in shares of Invesco S&P 500 Equal Weight ETF by 1.5% during the third quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock valued at $669,000 after buying an additional 48 shares during the last quarter. Sage Capital Advisors llc grew its position in Invesco S&P 500 Equal Weight ETF by 2.0% during the third quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock worth $512,000 after buying an additional 48 shares in the last quarter. Charis Legacy Partners LLC grew its position in Invesco S&P 500 Equal Weight ETF by 0.5% during the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after buying an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock worth $930,000 after buying an additional 50 shares in the last quarter. Finally, Tenon Financial LLC grew its position in Invesco S&P 500 Equal Weight ETF by 1.0% during the third quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock worth $1,079,000 after buying an additional 50 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 1.4%

Shares of RSP opened at $215.00 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The firm has a market capitalization of $98.68 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The stock’s 50-day moving average price is $215.93 and its 200 day moving average price is $210.35.

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.