Raymond James Financial Inc. Acquires New Shares in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Raymond James Financial Inc. bought a new position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 88,213 shares of the company’s stock, valued at approximately $2,873,000. Raymond James Financial Inc. owned approximately 1.07% of Invesco S&P 500 Equal Weight Materials ETF at the end of the most recent reporting period.

Separately, Private Advisor Group LLC lifted its position in Invesco S&P 500 Equal Weight Materials ETF by 21.0% in the 4th quarter. Private Advisor Group LLC now owns 27,306 shares of the company’s stock worth $889,000 after buying an additional 4,731 shares during the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Stock Down 1.9 %

Shares of NYSEARCA:RSPM opened at $31.44 on Friday. The company’s fifty day moving average is $33.07 and its 200 day moving average is $34.65. Invesco S&P 500 Equal Weight Materials ETF has a 52 week low of $31.23 and a 52 week high of $37.85. The stock has a market cap of $183.30 million, a PE ratio of 22.44 and a beta of 1.12.

Invesco S&P 500 Equal Weight Materials ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.1795 per share. This is a positive change from Invesco S&P 500 Equal Weight Materials ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RSPM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RSPM was launched on Nov 1, 2006 and is managed by Invesco.