Raymond James Financial Inc. Purchases Shares of 175,272 Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Raymond James Financial Inc. acquired a new position in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 175,272 shares of the company’s stock, valued at approximately $5,995,000. Raymond James Financial Inc. owned 0.08% of Invesco S&P 500 Equal Weight Communication Services ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in RSPC. Jane Street Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the 3rd quarter valued at approximately $391,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter valued at approximately $265,000. Yoder Wealth Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 4.7% in the fourth quarter. Yoder Wealth Management Inc. now owns 31,939 shares of the company’s stock worth $1,092,000 after acquiring an additional 1,448 shares during the last quarter. RFG Advisory LLC increased its position in Invesco S&P 500 Equal Weight Communication Services ETF by 2.4% during the fourth quarter. RFG Advisory LLC now owns 176,608 shares of the company’s stock worth $6,041,000 after acquiring an additional 4,145 shares during the period. Finally, Worth Asset Management LLC increased its position in Invesco S&P 500 Equal Weight Communication Services ETF by 12.4% during the fourth quarter. Worth Asset Management LLC now owns 11,180 shares of the company’s stock worth $382,000 after acquiring an additional 1,237 shares during the period.

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

Shares of Invesco S&P 500 Equal Weight Communication Services ETF stock opened at $35.27 on Tuesday. The company has a market cap of $47.26 million, a PE ratio of 18.23 and a beta of 1.08. The firm has a fifty day moving average price of $35.38 and a two-hundred day moving average price of $34.32. Invesco S&P 500 Equal Weight Communication Services ETF has a fifty-two week low of $27.90 and a fifty-two week high of $36.85.

Invesco S&P 500 Equal Weight Communication Services ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.101 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco S&P 500 Equal Weight Communication Services ETF’s previous dividend of $0.08.

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.