Invesco S&P 500 Equal Weight Materials ETF $RSPM Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC grew its stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 512.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,001 shares of the company’s stock after acquiring an additional 38,491 shares during the quarter. Merit Financial Group LLC owned about 1.00% of Invesco S&P 500 Equal Weight Materials ETF worth $1,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 2.8% in the fourth quarter. Farther Finance Advisors LLC now owns 25,861 shares of the company’s stock valued at $881,000 after acquiring an additional 715 shares in the last quarter. Altfest L J & Co. Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at $4,424,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at $27,000. Maltin Wealth Management Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 3.4% in the fourth quarter. Maltin Wealth Management Inc. now owns 69,741 shares of the company’s stock valued at $2,377,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the third quarter valued at $437,000.

Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.3%

Shares of NYSEARCA:RSPM opened at $39.72 on Thursday. Invesco S&P 500 Equal Weight Materials ETF has a 52-week low of $29.79 and a 52-week high of $41.42. The stock’s fifty day simple moving average is $39.10 and its 200-day simple moving average is $35.98. The company has a market capitalization of $183.90 million, a P/E ratio of 21.25 and a beta of 1.00.

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.