JPMorgan Chase & Co. Sells 11,206 Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

JPMorgan Chase & Co. cut its position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 62.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,596 shares of the company’s stock after selling 11,206 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of Invesco S&P 500 Equal Weight Materials ETF worth $246,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation N.A. acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the third quarter valued at approximately $77,000. Arkadios Wealth Advisors bought a new position in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter worth $213,000. Creative Planning acquired a new position in Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter valued at $266,000. Harbour Investments Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 7.3% during the 3rd quarter. Harbour Investments Inc. now owns 7,375 shares of the company’s stock valued at $276,000 after acquiring an additional 500 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 5.4% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 14,465 shares of the company’s stock worth $541,000 after purchasing an additional 739 shares in the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

Shares of NYSEARCA RSPM opened at $34.16 on Friday. Invesco S&P 500 Equal Weight Materials ETF has a 52 week low of $31.64 and a 52 week high of $37.85. The stock’s fifty day moving average is $34.18 and its 200 day moving average is $35.35. The stock has a market capitalization of $280.45 million, a P/E ratio of 16.13 and a beta of 1.21.

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.