Pacific Sun Financial Corp Trims Stock Holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Pacific Sun Financial Corp lowered its holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 6.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,970 shares of the company’s stock after selling 3,950 shares during the period. Invesco S&P 500 Equal Weight Materials ETF comprises 1.0% of Pacific Sun Financial Corp’s portfolio, making the stock its 25th largest position. Pacific Sun Financial Corp owned 0.98% of Invesco S&P 500 Equal Weight Materials ETF worth $1,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSPM. Harbour Investments Inc. boosted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 4.3% in the fourth quarter. Harbour Investments Inc. now owns 7,690 shares of the company’s stock valued at $250,000 after purchasing an additional 315 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 69.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,978 shares of the company’s stock valued at $260,000 after purchasing an additional 3,279 shares during the last quarter. CX Institutional purchased a new position in Invesco S&P 500 Equal Weight Materials ETF in the first quarter valued at about $295,000. JPMorgan Chase & Co. boosted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 56.5% in the fourth quarter. JPMorgan Chase & Co. now owns 10,326 shares of the company’s stock valued at $336,000 after purchasing an additional 3,730 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 21.5% in the fourth quarter. Lido Advisors LLC now owns 10,500 shares of the company’s stock valued at $342,000 after purchasing an additional 1,855 shares during the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.8%

NYSEARCA:RSPM opened at $32.33 on Friday. The business’s 50 day moving average is $31.05 and its two-hundred day moving average is $32.46. Invesco S&P 500 Equal Weight Materials ETF has a 52 week low of $26.63 and a 52 week high of $37.85. The company has a market cap of $168.12 million, a PE ratio of 23.10 and a beta of 1.05.

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.