Friedenthal Financial grew its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 100,381 shares of the company’s stock after acquiring an additional 1,270 shares during the quarter. Invesco S&P 500 Equal Weight Materials ETF comprises 2.2% of Friedenthal Financial’s portfolio, making the stock its 11th largest holding. Friedenthal Financial’s holdings in Invesco S&P 500 Equal Weight Materials ETF were worth $3,462,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of RSPM. Cetera Advisors LLC lifted its position in Invesco S&P 500 Equal Weight Materials ETF by 9.3% in the 1st quarter. Cetera Advisors LLC now owns 7,327 shares of the company’s stock valued at $266,000 after purchasing an additional 626 shares during the last quarter. Parallel Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter valued at about $42,000. Key Financial Inc bought a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter valued at about $101,000. Oakworth Capital Inc. bought a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter valued at about $120,000. Finally, Northwest Financial Advisors bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter worth about $137,000.
Invesco S&P 500 Equal Weight Materials ETF Stock Performance
Shares of NYSEARCA:RSPM traded up $0.44 during trading on Tuesday, reaching $34.45. The company had a trading volume of 128,719 shares, compared to its average volume of 30,309. Invesco S&P 500 Equal Weight Materials ETF has a twelve month low of $28.92 and a twelve month high of $36.65. The firm has a market capitalization of $282.83 million, a PE ratio of 16.13 and a beta of 1.21. The firm’s fifty day moving average is $34.90 and its 200 day moving average is $34.81.
About Invesco S&P 500 Equal Weight Materials ETF
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.
See Also
- Five stocks we like better than Invesco S&P 500 Equal Weight Materials ETF
- Conference Calls and Individual Investors
- Buy On Holdings Stock Before the Market Catches Its Second Wind?
- 5 discounted opportunities for dividend growth investors
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
Want to see what other hedge funds are holding RSPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report).
Receive News & Ratings for Invesco S&P 500 Equal Weight Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
