Royal Bank of Canada Has $3.28 Million Stock Holdings in Invesco S&P 500 Equal Weight Materials ETF $RSPM

Royal Bank of Canada lifted its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 90.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,749 shares of the company’s stock after purchasing an additional 40,287 shares during the period. Royal Bank of Canada owned 1.83% of Invesco S&P 500 Equal Weight Materials ETF worth $3,277,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new position in Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 591.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,630 shares of the company’s stock worth $141,000 after buying an additional 3,960 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 2nd quarter valued at $212,000. IMC Chicago LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 1st quarter valued at $267,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter valued at $276,000.

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

Invesco S&P 500 Equal Weight Materials ETF stock opened at $40.37 on Friday. The company has a market capitalization of $192.56 million, a PE 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 $41.42. The firm’s fifty day moving average is $39.24 and its 200 day moving average is $39.12.

Invesco S&P 500 Equal Weight Materials ETF Company 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.