Great Valley Advisor Group Inc. Lowers Position in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Great Valley Advisor Group Inc. cut its stake in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 15.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,302 shares of the company’s stock after selling 1,512 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Invesco S&P 500 Equal Weight Communication Services ETF were worth $272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2,739.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,925 shares of the company’s stock valued at $86,000 after purchasing an additional 2,822 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the second quarter valued at approximately $373,000. Sanctuary Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the second quarter valued at approximately $394,000. Yoder Wealth Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the third quarter. Yoder Wealth Management Inc. now owns 30,491 shares of the company’s stock valued at $997,000 after purchasing an additional 772 shares during the last quarter. Finally, Legacy Private Trust Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 3.9% during the third quarter. Legacy Private Trust Co. now owns 34,314 shares of the company’s stock valued at $1,123,000 after purchasing an additional 1,291 shares during the last quarter.

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

RSPC stock opened at $35.62 on Thursday. The firm has a 50 day moving average price of $33.35 and a 200-day moving average price of $31.37. Invesco S&P 500 Equal Weight Communication Services ETF has a 52-week low of $27.87 and a 52-week high of $35.74. The firm has a market capitalization of $81.58 million, a price-to-earnings ratio of 15.99 and a beta of 0.92.

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.