10,422 Shares in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Purchased by Raymond James & Associates

Raymond James & Associates acquired a new position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 10,422 shares of the company’s stock, valued at approximately $351,000.

Other hedge funds have also recently made changes to their positions in the company. WNY Asset Management LLC bought a new stake in Invesco S&P 500 Equal Weight Materials ETF in the third quarter worth $624,000. Creative Financial Designs Inc. ADV bought a new position in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth about $427,000. Finally, Walker Asset Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter valued at about $331,000.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight Materials ETF stock opened at $34.78 on Monday. The company has a 50-day simple moving average of $34.90 and a two-hundred day simple moving average of $32.91. Invesco S&P 500 Equal Weight Materials ETF has a 52-week low of $28.92 and a 52-week high of $36.55. The stock has a market capitalization of $286.24 million, a PE ratio of 16.82 and a beta of 1.24.

About Invesco S&P 500 Equal Weight Materials ETF

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.