Royal Bank of Canada increased its position in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report) by 90.6% during the first quarter, Holdings Channel reports. The institutional investor owned 84,749 shares of the company’s stock after purchasing an additional 40,287 shares during the period. Royal Bank of Canada’s holdings in Invesco S&P 500 Equal Weight Materials ETF were worth $3,277,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter valued at $27,000. Jones Financial Companies Lllp grew its position in Invesco S&P 500 Equal Weight Materials ETF by 591.0% in the 1st quarter. Jones Financial Companies Lllp now owns 4,630 shares of the company’s stock worth $141,000 after purchasing an additional 3,960 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the second quarter valued at approximately $212,000. IMC Chicago LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter valued at $267,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF during the fourth quarter worth about $276,000.
Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.4%
NYSEARCA:RSPM opened at $40.37 on Friday. The firm’s 50 day moving average is $39.24 and its 200 day moving average is $39.12. 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 market capitalization of $192.56 million, a PE ratio of 21.25 and a beta of 0.92.
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.
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