Private Advisor Group LLC Increases Stake in Invesco S&P 500 Equal Weight Materials ETF $RSPM

Private Advisor Group LLC increased its stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 191.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,354 shares of the company’s stock after buying an additional 32,440 shares during the period. Private Advisor Group LLC owned 1.07% of Invesco S&P 500 Equal Weight Materials ETF worth $1,908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Altfest L J & Co. Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth approximately $4,424,000. Merit Financial Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 512.5% in the 4th quarter. Merit Financial Group LLC now owns 46,001 shares of the company’s stock valued at $1,568,000 after purchasing an additional 38,491 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 2.8% during the fourth quarter. Farther Finance Advisors LLC now owns 25,861 shares of the company’s stock valued at $881,000 after purchasing an additional 715 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the fourth quarter valued at approximately $27,000. Finally, Maltin Wealth Management Inc. grew its stake in 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 worth $2,377,000 after purchasing an additional 2,285 shares during the period.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 1.3%

RSPM opened at $38.56 on Friday. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $30.98 and a 12-month high of $41.42. The stock has a fifty day simple moving average of $39.03 and a two-hundred day simple moving average of $38.44. The company has a market cap of $175.45 million, a price-to-earnings ratio of 21.25 and a beta of 0.92.

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.