Capital Wealth Alliance LLC Cuts Stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Capital Wealth Alliance LLC cut its position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 31.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,235 shares of the company’s stock after selling 4,234 shares during the quarter. Capital Wealth Alliance LLC’s holdings in Invesco S&P 500 Equal Weight Materials ETF were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RSPM. Obsidian Personal Planning Solutions LLC boosted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 10.5% in the third quarter. Obsidian Personal Planning Solutions LLC now owns 138,167 shares of the company’s stock worth $5,038,000 after purchasing an additional 13,141 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at about $77,000. Harbour Investments Inc. increased its holdings in Invesco S&P 500 Equal Weight Materials ETF by 7.3% during the third quarter. Harbour Investments Inc. now owns 7,375 shares of the company’s stock valued at $276,000 after buying an additional 500 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 5.4% during the 3rd 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 during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter worth $213,000.

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

NYSEARCA RSPM opened at $33.34 on Tuesday. The stock has a market cap of $273.72 million, a price-to-earnings ratio of 16.13 and a beta of 1.21. 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 company’s 50 day moving average is $33.88 and its two-hundred day moving average is $35.29.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

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.