Graham Capital Wealth Management LLC Invests $3.60 Million in Invesco S&P 500 Equal Weight Communication Services ETF $RSPC

Graham Capital Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 90,378 shares of the company’s stock, valued at approximately $3,600,000. Invesco S&P 500 Equal Weight Communication Services ETF makes up about 3.3% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth about $200,000. Mendel Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth about $202,000. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter worth about $206,000. Lido Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 9.9% during the second quarter. Lido Advisors LLC now owns 6,595 shares of the company’s stock worth $252,000 after purchasing an additional 592 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth about $437,000.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 0.1%

Shares of RSPC stock opened at $37.66 on Tuesday. The stock’s 50-day moving average price is $38.11 and its 200 day moving average price is $38.93. The stock has a market capitalization of $64.40 million, a PE ratio of 17.69 and a beta of 1.02. Invesco S&P 500 Equal Weight Communication Services ETF has a 52-week low of $31.24 and a 52-week high of $41.47.

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.