Truist Financial Corp Acquires New Position in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Truist Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) in the fourth quarter, Holdings Channel reports. The firm acquired 228,836 shares of the company’s stock, valued at approximately $6,709,000. Truist Financial Corp owned 0.12% of Invesco S&P 500 Equal Weight Communication Services ETF at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RSPC. Atria Wealth Solutions Inc. purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth approximately $449,000. Yoder Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth approximately $644,000. SignalPoint Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth approximately $2,209,000. RFG Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth approximately $4,715,000. Finally, Raymond James & Associates purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth approximately $5,737,000.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 1.2 %

Shares of Invesco S&P 500 Equal Weight Communication Services ETF stock opened at $28.86 on Friday. Invesco S&P 500 Equal Weight Communication Services ETF has a 52-week low of $25.23 and a 52-week high of $30.26. The company has a 50 day moving average of $28.96 and a 200 day moving average of $28.57. The company has a market capitalization of $70.12 million, a P/E ratio of 16.59 and a beta of 0.99.

Invesco S&P 500 Equal Weight Communication Services ETF Company 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.