Friedenthal Financial grew its position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,680 shares of the company’s stock after purchasing an additional 6,826 shares during the quarter. Invesco S&P 500 Equal Weight Materials ETF makes up approximately 2.1% of Friedenthal Financial’s portfolio, making the stock its 13th largest holding. Friedenthal Financial owned 2.33% of Invesco S&P 500 Equal Weight Materials ETF worth $3,814,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. North Capital Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the first quarter valued at approximately $35,000. Jones Financial Companies Lllp raised its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 591.0% in the first quarter. Jones Financial Companies Lllp now owns 4,630 shares of the company’s stock valued at $141,000 after purchasing an additional 3,960 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the second quarter valued at approximately $162,000. Dale Q Rice Investment Management Ltd bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the first quarter valued at approximately $261,000. Finally, CX Institutional bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the first quarter valued at approximately $295,000.
Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.6%
NYSEARCA:RSPM opened at $32.75 on Wednesday. Invesco S&P 500 Equal Weight Materials ETF has a 12 month low of $26.63 and a 12 month high of $37.54. The firm has a market cap of $157.20 million, a price-to-earnings ratio of 21.25 and a beta of 1.05. The company’s 50 day moving average is $32.99 and its 200-day moving average is $32.22.
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.
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