Private Advisor Group LLC Raises Stock Holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Private Advisor Group LLC increased its holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 21.0% in the 4th quarter, Holdings Channel reports. The fund owned 27,306 shares of the company’s stock after buying an additional 4,731 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco S&P 500 Equal Weight Materials ETF were worth $889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Obsidian Personal Planning Solutions LLC boosted its stake in Invesco S&P 500 Equal Weight Materials ETF by 10.5% in the 3rd quarter. Obsidian Personal Planning Solutions LLC now owns 138,167 shares of the company’s stock worth $5,038,000 after purchasing an additional 13,141 shares in the last quarter. Zions Bancorporation N.A. purchased a new position in Invesco S&P 500 Equal Weight Materials ETF in the third quarter worth about $77,000. Harbour Investments Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 7.3% in the 3rd 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. Creative Financial Designs Inc. ADV raised its position in Invesco S&P 500 Equal Weight Materials ETF by 5.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 14,465 shares of the company’s stock worth $541,000 after acquiring an additional 739 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF in the third quarter worth about $213,000.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.5 %

NYSEARCA RSPM opened at $32.88 on Friday. Invesco S&P 500 Equal Weight Materials ETF has a 12 month low of $32.13 and a 12 month high of $37.85. The company’s 50 day moving average is $33.41 and its two-hundred day moving average is $35.12. The stock has a market cap of $269.94 million, a price-to-earnings 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.