Brookstone Capital Management Increases Holdings in Invesco S&P 500 Equal Weight Energy ETF

Brookstone Capital Management has raised its investment in the Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) by 5.6% during the third quarter of the year. This increase was detailed in the firm’s latest Form 13F filing with the Securities & Exchange Commission. Following this acquisition, Brookstone now owns 16,741 shares of the ETF, having added 882 shares in the last quarter. The value of Brookstone’s holdings in the Invesco S&P 500 Equal Weight Energy ETF amounts to approximately $1,283,000 according to the recent filing.

Other institutional investors have also made notable adjustments to their positions in RSPG. For instance, Oarsman Capital Inc. bought a new stake in the ETF during the fourth quarter, investing about $4,177,000. Additionally, PNC Financial Services Group Inc. acquired a new stake worth $30,000 in the same period. Other notable acquisitions include &PARTNERS, which invested $582,000 in the first quarter, and Worth Asset Management LLC, which purchased shares valued at $656,000. Furthermore, Davis Investment Partners LLC significantly increased its holdings by nearly 149.7% in the first quarter, bringing its total to 28,625 shares valued at approximately $2,450,000 after procuring an additional 17,161 shares.

Invesco S&P 500 Equal Weight Energy ETF Overview

The Invesco S&P 500 Equal Weight Energy ETF primarily tracks the S&P 500 Equal Weight Energy Plus index. This ETF is structured to provide investors with equal exposure to various U.S. energy companies within the S&P 500. Originally launched on November 1, 2006, the Invesco S&P 500 Equal Weight Energy ETF is actively managed by Invesco.

Financial Performance and Market Analysis

As of the latest trading sessions, shares of RSPG opened at $81.52. The ETF has a 50-day moving average of $78.02 and a 200-day moving average noted at $80.26. Current market capitalization stands at $600.80 million, with a price-to-earnings ratio recorded at 11.59 and a beta value of 0.56. Over the past year, the ETF's shares reached a low of $68.97 and a high of $86.59, indicating a range of volatility for potential investors to consider.

Potential Opportunities and Insights

Investors interested in tracking movements and significant changes in institutional holdings for the Invesco S&P 500 Equal Weight Energy ETF can explore available data on 13F filings and insider trades through various financial analysis platforms. These insights can serve as useful indicators for making informed investment decisions.

In conclusion, Brookstone Capital Management's increased investment in the Invesco S&P 500 Equal Weight Energy ETF reflects positive sentiment towards the energy sector within the S&P 500 index. As more institutional money flows into this ETF, it may pave the way for future market trends and provide investors with valuable exposure to the energy industry.

Invesco, Energy, ETF