Asset Management Group Inc. Sells 1,047 Shares of Invesco S&P 500 Equal Weight Materials ETF $RSPM

Asset Management Group Inc. lowered its stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 10.4% in the 1st quarter, Holdings Channel reports. The firm owned 8,996 shares of the company’s stock after selling 1,047 shares during the quarter. Asset Management Group Inc.’s holdings in Invesco S&P 500 Equal Weight Materials ETF were worth $286,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 11.1% in the 1st quarter. Raymond James Financial Inc. now owns 97,963 shares of the company’s stock valued at $3,109,000 after acquiring an additional 9,750 shares in the last quarter. North Capital Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 1st quarter valued at about $35,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 5.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 18,081 shares of the company’s stock valued at $574,000 after acquiring an additional 897 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 10.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,943 shares of the company’s stock valued at $538,000 after acquiring an additional 1,651 shares in the last quarter. Finally, Dale Q Rice Investment Management Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 1st quarter valued at about $261,000.

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

NYSEARCA:RSPM opened at $32.84 on Wednesday. The business’s 50-day moving average price is $33.06 and its two-hundred day moving average price is $32.13. Invesco S&P 500 Equal Weight Materials ETF has a twelve month low of $26.63 and a twelve month high of $37.85. The stock has a market cap of $165.19 million, a P/E ratio of 21.25 and a beta of 1.05.

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.