Royal Bank of Canada Has $1.54 Million Stake in Invesco S&P 500 Equal Weight Communication Services ETF $RSPC

Royal Bank of Canada reduced its holdings in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 50.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,238 shares of the company’s stock after selling 41,446 shares during the period. Royal Bank of Canada owned approximately 2.44% of Invesco S&P 500 Equal Weight Communication Services ETF worth $1,543,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RSPC. Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 1st quarter valued at $206,000. NewEdge Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 305.0% in the second quarter. NewEdge Advisors LLC now owns 166,495 shares of the company’s stock valued at $6,370,000 after purchasing an additional 125,388 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 5.4% in the second quarter. Raymond James Financial Inc. now owns 181,604 shares of the company’s stock valued at $6,948,000 after buying an additional 9,276 shares during the period. Bank of America Corp DE lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 115.5% in the third quarter. Bank of America Corp DE now owns 84,719 shares of the company’s stock valued at $3,493,000 after buying an additional 45,405 shares during the period. Finally, Sykon Capital LLC bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth about $2,039,000.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

Shares of RSPC stock opened at $37.24 on Thursday. The stock has a market cap of $58.47 million, a PE ratio of 17.69 and a beta of 0.87. The stock has a 50-day moving average of $36.08 and a 200-day moving average of $37.31. Invesco S&P 500 Equal Weight Communication Services ETF has a one year low of $34.50 and a one year high of $41.47.

About Invesco S&P 500 Equal Weight Communication Services ETF

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.