RFG Advisory LLC Increases Position in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

RFG Advisory LLC increased its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,608 shares of the company’s stock after buying an additional 4,145 shares during the period. RFG Advisory LLC owned about 0.08% of Invesco S&P 500 Equal Weight Communication Services ETF worth $6,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RSPC. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2,739.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,925 shares of the company’s stock worth $86,000 after acquiring an additional 2,822 shares during the period. Worth Asset Management LLC raised its holdings 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 purchasing an additional 1,237 shares during the last quarter. Jane Street Group LLC purchased a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth $391,000. Sanctuary Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the second quarter valued at $394,000. Finally, Yoder Wealth Management Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% in the 3rd 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.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 0.3 %

Shares of NYSEARCA:RSPC opened at $34.69 on Friday. The company has a market capitalization of $79.44 million, a P/E ratio of 15.99 and a beta of 0.92. Invesco S&P 500 Equal Weight Communication Services ETF has a 52-week low of $27.90 and a 52-week high of $36.27. The stock’s fifty day simple moving average is $34.85 and its 200-day simple moving average is $32.85.

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.