Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Position Lessened by LPL Financial LLC

LPL Financial LLC reduced its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 38.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,667 shares of the company’s stock after selling 10,368 shares during the quarter. LPL Financial LLC owned about 0.73% of Invesco S&P 500 Equal Weight Communication Services ETF worth $570,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RSPC. RFG Advisory LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.4% during the fourth quarter. RFG Advisory LLC now owns 176,608 shares of the company’s stock valued at $6,041,000 after acquiring an additional 4,145 shares during the period. Raymond James Financial Inc. acquired a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at about $5,995,000. Yoder Wealth Management Inc. grew its position in Invesco S&P 500 Equal Weight Communication Services ETF by 4.7% in the 4th quarter. Yoder Wealth Management Inc. now owns 31,939 shares of the company’s stock worth $1,092,000 after purchasing an additional 1,448 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the third quarter valued at approximately $391,000. Finally, Worth Asset Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 12.4% during the fourth quarter. Worth Asset Management LLC now owns 11,180 shares of the company’s stock valued at $382,000 after buying an additional 1,237 shares during the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Up 1.7 %

Shares of NYSEARCA RSPC opened at $34.37 on Friday. Invesco S&P 500 Equal Weight Communication Services ETF has a 12-month low of $27.90 and a 12-month high of $36.85. The company has a market cap of $48.46 million, a PE ratio of 16.98 and a beta of 1.04. The stock has a 50 day simple moving average of $34.64 and a 200-day simple moving average of $34.58.

About Invesco S&P 500 Equal Weight Communication Services ETF

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.