Capital Wealth Alliance LLC Sells 4,234 Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Capital Wealth Alliance LLC reduced its holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 31.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,235 shares of the company’s stock after selling 4,234 shares during the quarter. Capital Wealth Alliance LLC owned approximately 0.11% of Invesco S&P 500 Equal Weight Materials ETF worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zions Bancorporation N.A. bought a new position in Invesco S&P 500 Equal Weight Materials ETF during the third quarter worth about $77,000. Arkadios Wealth Advisors bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the third quarter worth about $213,000. Creative Planning bought a new position in Invesco S&P 500 Equal Weight Materials ETF in the third quarter valued at $266,000. Harbour Investments Inc. increased its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 7.3% in the third quarter. Harbour Investments Inc. now owns 7,375 shares of the company’s stock valued at $276,000 after acquiring an additional 500 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in Invesco S&P 500 Equal Weight Materials ETF by 5.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 14,465 shares of the company’s stock worth $541,000 after acquiring an additional 739 shares in the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 0.4 %

Shares of Invesco S&P 500 Equal Weight Materials ETF stock opened at $33.34 on Tuesday. The business’s 50 day moving average is $33.88 and its 200-day moving average is $35.29. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $31.81 and a 12-month high of $37.85. The stock has a market cap of $273.72 million, a P/E ratio of 16.13 and a beta of 1.21.

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.