Franklin Resources Inc. Makes New Investment in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)

Franklin Resources Inc. acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) in the third quarter, HoldingsChannel.com reports. The fund acquired 625 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in Invesco S&P 500 Equal Weight Energy ETF by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 58,353 shares of the company’s stock valued at $4,705,000 after acquiring an additional 1,168 shares during the period. Advisor OS LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the second quarter valued at about $216,000. Evernest Financial Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 5.1% during the 2nd quarter. Evernest Financial Advisors LLC now owns 22,794 shares of the company’s stock worth $1,838,000 after buying an additional 1,106 shares during the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 79.9% during the 2nd quarter. HHM Wealth Advisors LLC now owns 2,071 shares of the company’s stock worth $167,000 after buying an additional 920 shares during the period. Finally, Beck Capital Management LLC grew its stake in Invesco S&P 500 Equal Weight Energy ETF by 17.4% in the 2nd quarter. Beck Capital Management LLC now owns 62,094 shares of the company’s stock valued at $5,007,000 after buying an additional 9,199 shares during the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 1.7 %

Invesco S&P 500 Equal Weight Energy ETF stock opened at $77.68 on Friday. Invesco S&P 500 Equal Weight Energy ETF has a twelve month low of $68.97 and a twelve month high of $86.61. The stock has a market cap of $572.50 million, a P/E ratio of 11.59 and a beta of 0.56. The company’s 50-day moving average price is $79.78 and its two-hundred day moving average price is $79.30.

Invesco S&P 500 Equal Weight Energy ETF Profile

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.