Axiom Financial Strategies LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Axiom Financial Strategies LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,098 shares of the company’s stock, valued at approximately $4,016,000. Invesco S&P 500 Equal Weight ETF comprises about 2.2% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 14th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Forum Financial Management LP boosted its position in Invesco S&P 500 Equal Weight ETF by 1.4% in the second quarter. Forum Financial Management LP now owns 5,545 shares of the company’s stock worth $1,008,000 after purchasing an additional 76 shares during the last quarter. Meadow Creek Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 14,584 shares of the company’s stock worth $2,650,000 after buying an additional 903 shares during the period. Caliber Wealth Management LLC KS raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.7% in the second quarter. Caliber Wealth Management LLC KS now owns 3,248 shares of the company’s stock worth $590,000 after buying an additional 259 shares during the period. BlueChip Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.4% in the second quarter. BlueChip Wealth Advisors LLC now owns 27,273 shares of the company’s stock worth $4,957,000 after buying an additional 2,353 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.5% in the second quarter. Rehmann Capital Advisory Group now owns 8,895 shares of the company’s stock worth $1,617,000 after buying an additional 541 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5%

NYSEARCA RSP opened at $189.84 on Thursday. The stock’s 50-day moving average price is $188.47 and its 200-day moving average price is $180.62. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.30. The company has a market capitalization of $73.15 billion, a P/E ratio of 20.10 and a beta of 1.05.

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).