Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 13.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,576 shares of the company’s stock after purchasing an additional 2,059 shares during the quarter. Private Advisor Group LLC owned approximately 0.21% of Invesco S&P 500 Equal Weight Materials ETF worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Miller Investment Management LP purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter valued at about $4,036,000. Cetera Investment Advisers purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF in the first quarter valued at approximately $3,848,000. Courage Miller Partners LLC acquired a new position in Invesco S&P 500 Equal Weight Materials ETF during the first quarter worth approximately $2,097,000. Cambridge Investment Research Advisors Inc. raised its stake in Invesco S&P 500 Equal Weight Materials ETF by 307.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,314 shares of the company’s stock worth $2,046,000 after purchasing an additional 42,485 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the 1st quarter valued at $1,328,000.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 0.5 %

RSPM stock opened at $36.18 on Wednesday. Invesco S&P 500 Equal Weight Materials ETF has a 52 week low of $28.92 and a 52 week high of $36.65. The company has a market cap of $297.04 million, a price-to-earnings ratio of 16.13 and a beta of 1.21. The business has a fifty day simple moving average of $35.25 and a 200-day simple moving average of $35.29.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

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.