Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Shares Sold by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC lessened its position in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,776 shares of the company’s stock after selling 1,939 shares during the quarter. SignalPoint Asset Management LLC owned about 0.31% of Invesco S&P 500 Equal Weight Materials ETF worth $840,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RSPM. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 322.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 156,445 shares of the company’s stock valued at $5,396,000 after buying an additional 119,409 shares during the period. Obsidian Personal Planning Solutions LLC raised its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 10.5% during the 3rd quarter. Obsidian Personal Planning Solutions LLC now owns 138,167 shares of the company’s stock valued at $5,038,000 after buying an additional 13,141 shares during the period. Creative Planning purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at approximately $266,000. Arkadios Wealth Advisors purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at approximately $213,000. Finally, Private Advisor Group LLC raised its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 28.4% during the 3rd quarter. Private Advisor Group LLC now owns 22,575 shares of the company’s stock valued at $844,000 after buying an additional 4,999 shares during the period.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 1.0 %

Shares of NYSEARCA RSPM opened at $33.86 on Thursday. The firm has a market cap of $277.99 million, a price-to-earnings ratio of 16.13 and a beta of 1.21. Invesco S&P 500 Equal Weight Materials ETF has a 52-week low of $31.64 and a 52-week high of $37.85. The business’s 50 day moving average is $34.59 and its two-hundred day moving average is $35.35.

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.