Royal Bank of Canada Sells 41,446 Shares of Invesco S&P 500 Equal Weight Communication Services ETF $RSPC

Royal Bank of Canada reduced its holdings in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 50.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,238 shares of the company’s stock after selling 41,446 shares during the quarter. Royal Bank of Canada’s holdings in Invesco S&P 500 Equal Weight Communication Services ETF were worth $1,543,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.2% in the 3rd quarter. Raymond James Financial Inc. now owns 185,607 shares of the company’s stock valued at $7,654,000 after purchasing an additional 4,003 shares during the period. NewEdge Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 305.0% during the 2nd quarter. NewEdge Advisors LLC now owns 166,495 shares of the company’s stock worth $6,370,000 after buying an additional 125,388 shares during the period. LPL Financial LLC lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 89.3% in the fourth quarter. LPL Financial LLC now owns 119,262 shares of the company’s stock valued at $4,751,000 after buying an additional 56,264 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 115.5% in the third quarter. Bank of America Corp DE now owns 84,719 shares of the company’s stock valued at $3,493,000 after buying an additional 45,405 shares in the last quarter. Finally, Blue Chip Partners LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter valued at approximately $2,276,000.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 0.6%

Shares of RSPC stock opened at $37.24 on Thursday. Invesco S&P 500 Equal Weight Communication Services ETF has a 12-month low of $34.50 and a 12-month high of $41.47. The firm has a fifty day moving average of $36.08 and a 200-day moving average of $37.31. The company has a market capitalization of $58.47 million, a price-to-earnings ratio of 17.69 and a beta of 0.87.

About Invesco S&P 500 Equal Weight Communication Services ETF

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.