Private Advisor Group LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report) by 191.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 49,354 shares of the company’s stock after purchasing an additional 32,440 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco S&P 500 Equal Weight Materials ETF were worth $1,908,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Altfest L J & Co. Inc. purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter worth $4,424,000. Merit Financial Group LLC increased its position in Invesco S&P 500 Equal Weight Materials ETF by 512.5% during the 4th quarter. Merit Financial Group LLC now owns 46,001 shares of the company’s stock valued at $1,568,000 after buying an additional 38,491 shares in the last quarter. Royal Bank of Canada raised its stake in Invesco S&P 500 Equal Weight Materials ETF by 305.7% in the fourth quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock valued at $1,516,000 after buying an additional 33,503 shares during the last quarter. Sykon Capital LLC purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at about $888,000. Finally, Raymond James Financial Inc. raised its stake in Invesco S&P 500 Equal Weight Materials ETF by 15.8% in the second quarter. Raymond James Financial Inc. now owns 113,478 shares of the company’s stock valued at $3,678,000 after buying an additional 15,515 shares during the last quarter.
Invesco S&P 500 Equal Weight Materials ETF Stock Performance
Shares of NYSEARCA RSPM opened at $38.56 on Friday. Invesco S&P 500 Equal Weight Materials ETF has a fifty-two week low of $30.98 and a fifty-two week high of $41.42. The company has a market cap of $175.45 million, a PE ratio of 21.25 and a beta of 0.92. The business has a 50-day simple moving average of $39.03 and a two-hundred day simple moving average of $38.44.
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.
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