Arkfeld Wealth Strategies L.L.C. Has $8.61 Million Stake in Invesco S&P 500 Equal Weight Energy ETF $RSPG

Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) by 736.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,096 shares of the company’s stock after buying an additional 100,449 shares during the period. Invesco S&P 500 Equal Weight Energy ETF comprises approximately 3.4% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 9th largest position. Arkfeld Wealth Strategies L.L.C. owned 1.99% of Invesco S&P 500 Equal Weight Energy ETF worth $8,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harbour Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the first quarter valued at $210,000. Astoria Portfolio Advisors LLC. increased its holdings in Invesco S&P 500 Equal Weight Energy ETF by 13.6% in the first quarter. Astoria Portfolio Advisors LLC. now owns 2,841 shares of the company’s stock valued at $233,000 after purchasing an additional 341 shares during the period. Summit Financial LLC raised its position in Invesco S&P 500 Equal Weight Energy ETF by 5.6% during the 1st quarter. Summit Financial LLC now owns 2,984 shares of the company’s stock worth $244,000 after purchasing an additional 159 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter worth about $275,000. Finally, Howard Financial Services LTD. bought a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 1st quarter valued at about $314,000.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 0.1%

Shares of RSPG stock opened at $78.73 on Friday. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $63.76 and a 1-year high of $86.61. The stock has a market cap of $439.31 million, a price-to-earnings ratio of 13.87 and a beta of 0.90. The stock has a 50-day moving average of $76.33 and a 200-day moving average of $75.20.

About Invesco S&P 500 Equal Weight Energy ETF

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.