Private Advisor Group LLC raised its stake in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report) by 28.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,575 shares of the company’s stock after buying an additional 4,999 shares during the quarter. Private Advisor Group LLC owned about 0.27% of Invesco S&P 500 Equal Weight Materials ETF worth $844,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in RSPM. Valley Wealth Managers Inc. purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the 2nd quarter valued at about $4,214,000. Envestnet Asset Management Inc. grew its holdings in Invesco S&P 500 Equal Weight Materials ETF by 322.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 156,445 shares of the company’s stock valued at $5,396,000 after buying an additional 119,409 shares in the last quarter. Cetera Investment Advisers purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter valued at about $3,848,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter valued at about $1,328,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter valued at about $348,000.
Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.4 %
RSPM stock opened at $36.32 on Friday. The firm has a market capitalization of $298.19 million, a PE ratio of 16.13 and a beta of 1.21. The stock has a 50-day simple moving average of $36.43 and a two-hundred day simple moving average of $35.61. Invesco S&P 500 Equal Weight Materials ETF has a twelve month low of $29.64 and a twelve month high of $37.85.
Invesco S&P 500 Equal Weight Materials ETF 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.
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