SignalPoint Asset Management LLC Acquires 446 Shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:EWCO)

SignalPoint Asset Management LLC increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:EWCO) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,171 shares of the company’s stock after buying an additional 446 shares during the period. SignalPoint Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight Communication Services ETF were worth $2,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EWCO. Raymond James & Associates lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 3.2% in the 1st quarter. Raymond James & Associates now owns 29,100 shares of the company’s stock worth $1,005,000 after purchasing an additional 907 shares in the last quarter. Prudential Financial Inc. lifted its stake 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 worth $3,800,000 after purchasing an additional 98,685 shares in the last quarter. UBS Group AG lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 14.9% in the 1st quarter. UBS Group AG now owns 17,700 shares of the company’s stock worth $611,000 after purchasing an additional 2,294 shares in the last quarter. Royal Bank of Canada lifted its stake 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 purchasing an additional 14,471 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 110.7% during the 1st quarter. Bank of America Corp DE now owns 29,946 shares of the company’s stock valued at $1,034,000 after buying an additional 15,731 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Down 0.4 %

Shares of Invesco S&P 500 Equal Weight Communication Services ETF stock traded down $0.12 on Tuesday, hitting $27.48. 3,188 shares of the company traded hands, compared to its average volume of 39,158. The firm’s 50-day simple moving average is $28.13 and its 200 day simple moving average is $27.44. The company has a market cap of $53.59 million, a P/E ratio of 22.67 and a beta of 1.09. Invesco S&P 500 Equal Weight Communication Services ETF has a 12-month low of $23.79 and a 12-month high of $30.51.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

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.