Truist Financial Corp Purchases Shares of 228,836 Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Truist Financial Corp purchased a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 228,836 shares of the company’s stock, valued at approximately $6,709,000. Truist Financial Corp owned approximately 11.74% of Invesco S&P 500 Equal Weight Communication Services ETF at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. RFG Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $4,715,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $10,579,000. Raymond James & Associates acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $5,737,000. SignalPoint Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $2,209,000. Finally, Yoder Wealth Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $644,000.

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

NYSEARCA:RSPC opened at $28.86 on Friday. The firm has a market capitalization of $70.12 million, a P/E ratio of 16.59 and a beta of 0.99. Invesco S&P 500 Equal Weight Communication Services ETF has a 1-year low of $25.23 and a 1-year high of $30.26. The company’s fifty day moving average price is $28.96 and its 200-day moving average price is $28.57.

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.