77,086 Shares of Invesco S&P 500 Equal Weight Materials ETF $RSPM Bought by NTV Asset Management LLC

NTV Asset Management LLC bought a new stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) during the third quarter, Holdings Channel reports. The institutional investor bought 77,086 shares of the company’s stock, valued at approximately $2,865,000.

A number of other hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC grew its position in Invesco S&P 500 Equal Weight Materials ETF by 191.8% during the first quarter. Private Advisor Group LLC now owns 49,354 shares of the company’s stock valued at $1,908,000 after purchasing an additional 32,440 shares in the last quarter. McKinley Carter Wealth Services Inc. acquired a new position in Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter valued at approximately $676,000. Royal Bank of Canada increased its stake in Invesco S&P 500 Equal Weight Materials ETF by 90.6% in the 1st quarter. Royal Bank of Canada now owns 84,749 shares of the company’s stock valued at $3,277,000 after buying an additional 40,287 shares during the period. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight Materials ETF by 23.3% in the 1st quarter. Bank of America Corp DE now owns 306,662 shares of the company’s stock worth $11,857,000 after buying an additional 57,983 shares in the last quarter. Finally, Courage Miller Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter worth approximately $1,816,000.

Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.5%

RSPM stock opened at $39.14 on Friday. The company has a 50 day moving average of $39.06 and a two-hundred day moving average of $39.19. The company has a market cap of $179.26 million, a price-to-earnings ratio of 21.25 and a beta of 0.92. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $30.98 and a 12-month high of $41.71.

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.