SignalPoint Asset Management LLC Sells 5,672 Shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

SignalPoint Asset Management LLC lessened its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,362 shares of the company’s stock after selling 5,672 shares during the period. SignalPoint Asset Management LLC owned about 3.07% of Invesco S&P 500 Equal Weight Communication Services ETF worth $2,407,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 2,739.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,925 shares of the company’s stock worth $86,000 after purchasing an additional 2,822 shares in the last quarter. Worth Asset Management LLC increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 12.4% during the 4th quarter. Worth Asset Management LLC now owns 11,180 shares of the company’s stock worth $382,000 after purchasing an additional 1,237 shares in the last quarter. Jane Street Group LLC bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the 3rd quarter worth about $391,000. Sanctuary Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the 2nd quarter worth about $394,000. Finally, Yoder Wealth Management Inc. increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the 3rd quarter. Yoder Wealth Management Inc. now owns 30,491 shares of the company’s stock worth $997,000 after purchasing an additional 772 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

Shares of NYSEARCA RSPC opened at $33.98 on Thursday. The stock has a market capitalization of $77.81 million, a price-to-earnings ratio of 15.99 and a beta of 0.92. The business has a 50-day moving average of $34.88 and a 200-day moving average of $32.69. Invesco S&P 500 Equal Weight Communication Services ETF has a fifty-two week low of $27.90 and a fifty-two week high of $36.27.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.