Stephens Inc. AR Decreases Stock Holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Stephens Inc. AR trimmed its position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,812 shares of the company’s stock after selling 550 shares during the quarter. Stephens Inc. AR owned 0.17% of Invesco S&P 500 Equal Weight Materials ETF worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in RSPM. Strategy Asset Managers LLC purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the 2nd quarter valued at $129,000. Arkadios Wealth Advisors purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at $213,000. Tradewinds LLC. purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter valued at $218,000. Harbour Investments Inc. increased its position in Invesco S&P 500 Equal Weight Materials ETF by 411.2% during the 2nd quarter. Harbour Investments Inc. now owns 6,875 shares of the company’s stock valued at $237,000 after purchasing an additional 5,530 shares during the period. Finally, Cetera Advisors LLC increased its position in Invesco S&P 500 Equal Weight Materials ETF by 9.3% during the 1st quarter. Cetera Advisors LLC now owns 7,327 shares of the company’s stock valued at $266,000 after purchasing an additional 626 shares during the period.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 1.3 %

Shares of Invesco S&P 500 Equal Weight Materials ETF stock opened at $36.85 on Thursday. The company’s fifty day simple moving average is $36.46 and its two-hundred day simple moving average is $35.66. The company has a market cap of $302.54 million, a P/E ratio of 16.13 and a beta of 1.21. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $29.69 and a 12-month high of $37.85.

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.