Envestnet Portfolio Solutions Inc. Invests $239,000 in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Envestnet Portfolio Solutions Inc. bought a new position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,103 shares of the company’s stock, valued at approximately $239,000. Envestnet Portfolio Solutions Inc. owned 0.07% of Invesco S&P 500 Equal Weight Materials ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of RSPM. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth approximately $47,428,000. Obsidian Personal Planning Solutions LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth approximately $3,620,000. Friedenthal Financial bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth approximately $3,217,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth approximately $2,630,000. Finally, Maltin Wealth Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth approximately $1,593,000.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

Shares of Invesco S&P 500 Equal Weight Materials ETF stock opened at $36.22 on Friday. The business’s fifty day moving average price is $35.62 and its two-hundred day moving average price is $33.73. The company has a market capitalization of $297.37 million, a P/E ratio of 16.13 and a beta of 1.21. Invesco S&P 500 Equal Weight Materials ETF has a 1-year low of $28.92 and a 1-year high of $36.65.

About Invesco S&P 500 Equal Weight Materials ETF

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.