Stephens Inc. AR Cuts Stock Holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Stephens Inc. AR trimmed its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,202 shares of the company’s stock after selling 610 shares during the period. Stephens Inc. AR owned about 0.16% of Invesco S&P 500 Equal Weight Materials ETF worth $430,000 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. purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the third quarter worth about $77,000. Arkadios Wealth Advisors purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the third quarter worth about $213,000. Creative Planning purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the third quarter worth about $266,000. Harbour Investments Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 7.3% during the third quarter. Harbour Investments Inc. now owns 7,375 shares of the company’s stock worth $276,000 after purchasing an additional 500 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 5.4% during the third 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 during the period.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

Shares of RSPM opened at $33.78 on Friday. The company has a 50-day simple moving average of $33.61 and a two-hundred day simple moving average of $35.22. Invesco S&P 500 Equal Weight Materials ETF has a one year low of $32.13 and a one year high of $37.85. The firm has a market capitalization of $277.33 million, a PE ratio of 16.13 and a beta of 1.21.

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.