Bank of Montreal Can Invests $305,000 in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD)

Bank of Montreal Can acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,211 shares of the company’s stock, valued at approximately $305,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Davis Investment Partners LLC increased its stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 596.8% in the second quarter. Davis Investment Partners LLC now owns 31,621 shares of the company’s stock valued at $1,477,000 after acquiring an additional 27,083 shares during the last quarter. LPL Financial LLC increased its stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 0.7% in the second quarter. LPL Financial LLC now owns 32,951 shares of the company’s stock valued at $4,545,000 after acquiring an additional 240 shares during the last quarter. Lion Street Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the second quarter valued at approximately $469,000. Carson Advisory Inc. bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the second quarter valued at approximately $615,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 107.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 107,416 shares of the company’s stock valued at $14,815,000 after acquiring an additional 55,541 shares during the last quarter.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Price Performance

Shares of NYSEARCA:RCD opened at $42.82 on Tuesday. The company’s 50 day simple moving average is $43.14 and its 200 day simple moving average is $77.39. The stock has a market capitalization of $480.44 million, a price-to-earnings ratio of 20.79 and a beta of 1.32. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 1 year low of $103.95 and a 1 year high of $139.14.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (the Fund), formerly Rydex S&P Equal Weight Consumer Discretionary ETF, seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Discretionary (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Discretionary Index that consists of the common stocks of industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing that comprise the consumer discretionary sector of the S&P 500 Index.