Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lowered its stake in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,056 shares of the company’s stock after selling 844 shares during the period. Focus Financial Network Inc. owned 0.16% of Invesco S&P 500 Equal Weight Materials ETF worth $488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 4.9% during the 2nd quarter. First Heartland Consultants Inc. now owns 8,383 shares of the company’s stock worth $289,000 after purchasing an additional 391 shares during the last quarter. Capital Wealth Alliance LLC boosted its position in Invesco S&P 500 Equal Weight Materials ETF by 3.0% during the second quarter. Capital Wealth Alliance LLC now owns 18,419 shares of the company’s stock worth $635,000 after acquiring an additional 542 shares during the last quarter. Cetera Advisors LLC grew its stake in Invesco S&P 500 Equal Weight Materials ETF by 9.3% in the 1st quarter. Cetera Advisors LLC now owns 7,327 shares of the company’s stock worth $266,000 after acquiring an additional 626 shares during the period. Commonwealth Equity Services LLC raised its holdings in Invesco S&P 500 Equal Weight Materials ETF by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,804 shares of the company’s stock valued at $752,000 after acquiring an additional 865 shares during the last quarter. Finally, Friedenthal Financial lifted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 1.3% during the 2nd quarter. Friedenthal Financial now owns 100,381 shares of the company’s stock worth $3,462,000 after purchasing an additional 1,270 shares during the period.

Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.4 %

RSPM stock opened at $36.32 on Friday. The stock has a market capitalization of $298.19 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 52-week low of $29.64 and a 52-week high of $37.85. The stock’s fifty day simple moving average is $36.43 and its 200-day simple moving average is $35.61.

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.