Courage Miller Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 48,859 shares of the company’s stock, valued at approximately $1,816,000.
Other hedge funds have also added to or reduced their stakes in the company. Hartford Financial Management Inc. bought a new stake in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at $427,000. McKinley Carter Wealth Services Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the third quarter worth $676,000. Maltin Wealth Management Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 0.9% in the 3rd quarter. Maltin Wealth Management Inc. now owns 99,477 shares of the company’s stock valued at $3,698,000 after purchasing an additional 931 shares during the period. First Heartland Consultants Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at about $293,000. Finally, Planning Strategies Inc. grew its holdings in Invesco S&P 500 Equal Weight Materials ETF by 7.1% in the third quarter. Planning Strategies Inc. now owns 6,449 shares of the company’s stock valued at $240,000 after purchasing an additional 425 shares during the period.
Invesco S&P 500 Equal Weight Materials ETF Price Performance
Shares of Invesco S&P 500 Equal Weight Materials ETF stock opened at $38.93 on Thursday. The business has a 50 day simple moving average of $39.10 and a two-hundred day simple moving average of $39.18. The stock has a market capitalization of $178.30 million, a P/E ratio of 21.25 and a beta of 0.92. Invesco S&P 500 Equal Weight Materials ETF has a 12 month low of $30.98 and a 12 month high of $41.71.
Invesco S&P 500 Equal Weight Materials ETF Profile
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.
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