Wells Fargo & Company MN Acquires 2,518 Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Wells Fargo & Company MN increased its stake in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,501 shares of the company’s stock after acquiring an additional 2,518 shares during the period. Wells Fargo & Company MN owned about 0.25% of Invesco S&P 500 Equal Weight Materials ETF worth $668,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Trinity Legacy Partners LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at approximately $3,080,000. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at about $2,873,000. Private Advisor Group LLC grew its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 21.0% during the 4th quarter. Private Advisor Group LLC now owns 27,306 shares of the company’s stock worth $889,000 after purchasing an additional 4,731 shares in the last quarter. JPMorgan Chase & Co. grew its position in Invesco S&P 500 Equal Weight Materials ETF by 56.5% during the fourth quarter. JPMorgan Chase & Co. now owns 10,326 shares of the company’s stock worth $336,000 after buying an additional 3,730 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Invesco S&P 500 Equal Weight Materials ETF by 18.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 17,184 shares of the company’s stock worth $560,000 after purchasing an additional 2,719 shares during the period.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

Shares of RSPM opened at $30.66 on Friday. The firm has a 50 day simple moving average of $30.91 and a two-hundred day simple moving average of $33.44. The company has a market cap of $173.84 million, a P/E ratio of 21.05 and a beta of 1.08. Invesco S&P 500 Equal Weight Materials ETF has a one year low of $26.63 and a one year high of $37.85.

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.