Friedenthal Financial Decreases Position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD)

Friedenthal Financial lessened its position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,874 shares of the company’s stock after selling 618 shares during the period. Invesco S&P 500 Equal Weight Consumer Discretionary ETF comprises 0.8% of Friedenthal Financial’s portfolio, making the stock its 28th largest holding. Friedenthal Financial owned about 0.30% of Invesco S&P 500 Equal Weight Consumer Discretionary ETF worth $1,243,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 4th quarter valued at $99,855,000. Adams Wealth Management increased its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 12.5% in the 1st quarter. Adams Wealth Management now owns 247,152 shares of the company’s stock worth $12,610,000 after buying an additional 27,458 shares in the last quarter. Legend Financial Advisors Inc. increased its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 2.4% in the 1st quarter. Legend Financial Advisors Inc. now owns 138,435 shares of the company’s stock worth $7,063,000 after buying an additional 3,274 shares in the last quarter. Janney Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter worth about $4,753,000. Finally, Raymond James & Associates bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 4th quarter valued at about $3,614,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Up 1.7 %

Shares of NYSEARCA RSPD traded up $0.80 during trading on Tuesday, reaching $46.78. 13,239 shares of the company traded hands, compared to its average volume of 64,916. The firm has a 50 day simple moving average of $47.90 and a 200-day simple moving average of $48.21. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 52-week low of $38.41 and a 52-week high of $51.18. The stock has a market capitalization of $401.83 million, a PE ratio of 16.50 and a beta of 1.37.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks an equal-weighted index of large-cap US Consumer Discretionary stocks drawn from the S&P 500. RSPD was launched on Nov 1, 2006 and is managed by Invesco.