Envestnet Asset Management Inc. Raises Position in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,494 shares of the company’s stock after acquiring an additional 1,075 shares during the period. Envestnet Asset Management Inc. owned about 10.15% of Invesco S&P 500 Equal Weight Communication Services ETF worth $6,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Exencial Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at approximately $290,000. Legacy Private Trust Co. boosted its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 50.0% in the first quarter. Legacy Private Trust Co. now owns 40,453 shares of the company’s stock worth $1,206,000 after purchasing an additional 13,487 shares during the period. RFG Advisory LLC increased its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 1.5% in the first quarter. RFG Advisory LLC now owns 163,298 shares of the company’s stock worth $4,867,000 after purchasing an additional 2,485 shares in the last quarter. Yoder Wealth Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 31.9% during the 1st quarter. Yoder Wealth Management Inc. now owns 28,958 shares of the company’s stock valued at $863,000 after purchasing an additional 6,996 shares during the period. Finally, Worth Asset Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 2nd quarter valued at $373,000.

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

Shares of RSPC stock opened at $32.65 on Friday. The stock has a fifty day simple moving average of $31.21 and a two-hundred day simple moving average of $30.00. The firm has a market capitalization of $74.77 million, a PE ratio of 15.99 and a beta of 0.92. Invesco S&P 500 Equal Weight Communication Services ETF has a 52-week low of $25.23 and a 52-week high of $32.89.

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.