LPL Financial LLC Boosts Holdings in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:EWCO)

LPL Financial LLC raised its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:EWCO – Get Rating) by 243.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,010 shares of the company’s stock after purchasing an additional 41,129 shares during the quarter. LPL Financial LLC owned 3.49% of Invesco S&P 500 Equal Weight Communication Services ETF worth $1,458,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Prudential Financial Inc. lifted its position in Invesco S&P 500 Equal Weight Communication Services ETF by 867.6% in the 1st quarter. Prudential Financial Inc. now owns 110,060 shares of the company’s stock valued at $3,800,000 after acquiring an additional 98,685 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 110.7% in the 1st quarter. Bank of America Corp DE now owns 29,946 shares of the company’s stock worth $1,034,000 after buying an additional 15,731 shares in the last quarter. Royal Bank of Canada raised its position in Invesco S&P 500 Equal Weight Communication Services ETF by 474.3% in the 1st quarter. Royal Bank of Canada now owns 17,522 shares of the company’s stock worth $605,000 after buying an additional 14,471 shares during the last quarter. Exencial Wealth Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the 3rd quarter valued at about $239,000. Finally, Strategic Blueprint LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 3rd quarter valued at about $224,000.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Down 0.9 %

Shares of EWCO opened at $26.29 on Friday. The firm has a fifty day simple moving average of $26.80 and a two-hundred day simple moving average of $26.74. The firm has a market cap of $115.41 million, a PE ratio of 22.67 and a beta of 1.09. Invesco S&P 500 Equal Weight Communication Services ETF has a 1-year low of $23.79 and a 1-year high of $30.86.

About Invesco S&P 500 Equal Weight Communication Services ETF

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The Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) 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. EWCO was launched on Nov 7, 2018 and is managed by Invesco.