Great Valley Advisor Group Inc. Makes New Investment in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Great Valley Advisor Group Inc. bought a new position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) in the fourth quarter, HoldingsChannel.com reports. The fund bought 8,065 shares of the company’s stock, valued at approximately $271,000.

Other large investors also recently modified their holdings of the company. Tanglewood Legacy Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth approximately $36,000. Key Financial Inc bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the fourth quarter worth $101,000. Private Trust Co. NA acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the fourth quarter valued at $102,000. Oakworth Capital Inc. acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter worth about $120,000. Finally, Allworth Financial LP bought a new stake in Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter worth about $139,000.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.6 %

Shares of NYSEARCA RSPM opened at $35.49 on Tuesday. The firm has a market capitalization of $291.37 million, a PE ratio of 16.13 and a beta of 1.21. The firm’s 50-day moving average is $35.12 and its 200-day moving average is $33.11. Invesco S&P 500 Equal Weight Materials ETF has a 1 year low of $28.92 and a 1 year high of $36.55.

Invesco S&P 500 Equal Weight Materials ETF 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.