Axiom Financial Strategies LLC Raises Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Axiom Financial Strategies LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 201,965 shares of the company’s stock after buying an additional 7,191 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 16.3% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 2nd biggest position. Axiom Financial Strategies LLC owned 0.05% of Invesco S&P 500 Equal Weight ETF worth $38,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacific Point Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 4.2% in the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after purchasing an additional 52 shares in the last quarter. Drucker Wealth 3.0 LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after purchasing an additional 55 shares during the last quarter. Strategies Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% in the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after acquiring an additional 55 shares during the period. Battery Global Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after acquiring an additional 55 shares during the period. Finally, Burns J W & Co. Inc. NY increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock valued at $2,519,000 after acquiring an additional 57 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $196.65 on Friday. The business’s 50-day moving average is $197.94 and its two-hundred day moving average is $193.82. The company has a market capitalization of $86.85 billion, a P/E ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $157.69 and a fifty-two week high of $205.24.

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.