Focus Financial Network Inc. Lowers Stock Holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Focus Financial Network Inc. lessened its holdings in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 33.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,674 shares of the company’s stock after selling 4,382 shares during the period. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Equal Weight Materials ETF were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Harbour Investments Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 7.3% in the third quarter. Harbour Investments Inc. now owns 7,375 shares of the company’s stock worth $276,000 after acquiring an additional 500 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in Invesco S&P 500 Equal Weight Materials ETF by 5.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 14,465 shares of the company’s stock worth $541,000 after purchasing an additional 739 shares during the period. Zions Bancorporation N.A. purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at approximately $77,000. Friedenthal Financial lifted its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 4.7% in the third quarter. Friedenthal Financial now owns 105,135 shares of the company’s stock worth $3,929,000 after buying an additional 4,754 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 28.4% during the third quarter. Private Advisor Group LLC now owns 22,575 shares of the company’s stock worth $844,000 after acquiring an additional 4,999 shares during the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

RSPM opened at $33.78 on Friday. The stock has a market capitalization of $277.33 million, a price-to-earnings ratio of 16.13 and a beta of 1.21. Invesco S&P 500 Equal Weight Materials ETF has a fifty-two week low of $32.13 and a fifty-two week high of $37.85. The company has a fifty day moving average of $33.65 and a 200 day moving average of $35.23.

Invesco S&P 500 Equal Weight Materials ETF Profile

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.