HighTower Advisors LLC Reduces Holdings in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

HighTower Advisors LLC lessened its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,693 shares of the company’s stock after selling 3,534 shares during the period. HighTower Advisors LLC owned 9.55% of Invesco S&P 500 Equal Weight Communication Services ETF worth $7,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2,739.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,925 shares of the company’s stock valued at $86,000 after buying an additional 2,822 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the 2nd quarter worth about $394,000. Yoder Wealth Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% in the third quarter. Yoder Wealth Management Inc. now owns 30,491 shares of the company’s stock worth $997,000 after buying an additional 772 shares in the last quarter. Legacy Private Trust Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 3.9% in the third quarter. Legacy Private Trust Co. now owns 34,314 shares of the company’s stock worth $1,123,000 after buying an additional 1,291 shares in the last quarter. Finally, SignalPoint Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 0.7% in the third quarter. SignalPoint Asset Management LLC now owns 76,034 shares of the company’s stock worth $2,483,000 after buying an additional 506 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

NYSEARCA RSPC opened at $35.43 on Tuesday. Invesco S&P 500 Equal Weight Communication Services ETF has a 1 year low of $27.90 and a 1 year high of $36.27. The stock has a market capitalization of $81.13 million, a PE ratio of 15.99 and a beta of 0.92. The company’s 50 day simple moving average is $33.91 and its two-hundred day simple moving average is $31.74.

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.