Walker Asset Management LLC Reduces Position in Invesco S&P 500 Equal Weight Communication Services ETF $RSPC

Walker Asset Management LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,565 shares of the company’s stock after selling 1,840 shares during the quarter. Walker Asset Management LLC owned about 1.11% of Invesco S&P 500 Equal Weight Communication Services ETF worth $787,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 6,830,200.0% during the first quarter. Farther Finance Advisors LLC now owns 68,303 shares of the company’s stock worth $2,409,000 after buying an additional 68,302 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 215.5% during the first quarter. NewEdge Advisors LLC now owns 41,107 shares of the company’s stock worth $1,455,000 after buying an additional 28,077 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter worth $206,000.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 1.1%

Invesco S&P 500 Equal Weight Communication Services ETF stock opened at $40.78 on Monday. Invesco S&P 500 Equal Weight Communication Services ETF has a 52-week low of $31.24 and a 52-week high of $41.16. The firm has a market capitalization of $75.04 million, a price-to-earnings ratio of 17.69 and a beta of 1.03. The company has a fifty day simple moving average of $38.92 and a 200-day simple moving average of $36.85.

Invesco S&P 500 Equal Weight Communication Services ETF Profile

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.