Strategic Blueprint LLC Reduces Investment in Invesco S&P 500 Equal Weight Materials ETF

Strategic Blueprint LLC has decreased its stake in the Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report) by 6.2% during the third quarter, as reported in its latest filing with the Securities and Exchange Commission. After selling 455 shares during this period, the institutional investment firm now holds 6,851 shares of the ETF. As of the most recent reporting period, the value of Strategic Blueprint LLC's holdings in this ETF is approximately $256,000.

Other institutional investors have also recently engaged in buying and selling shares of this ETF. For instance, Strategy Asset Managers LLC acquired a new position in the Invesco S&P 500 Equal Weight Materials ETF in the second quarter, investing around $129,000. Meanwhile, Arkadios Wealth Advisors made a new investment during the third quarter worth approximately $213,000. Tradewinds LLC entered the market in the first quarter with an investment of about $218,000.

In addition, Harbour Investments Inc. increased its position significantly by 411.2% in the second quarter, now owning 6,875 shares valued at about $237,000 after acquiring an additional 5,530 shares. Cetera Advisors LLC also raised its stake by 9.3% in the first quarter, obtaining a total of 7,327 shares worth $266,000 after purchasing an extra 626 shares.

Performance of Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RSPM) opened at $36.32 on Friday. The ETF has experienced a fifty-two week low of $29.64 and a high of $37.85. Currently, the 50-day moving average price stands at $36.43, while the 200-day moving average is $35.61. The market capitalization of the ETF is approximately $298.19 million, with a price-to-earnings ratio of 16.13 and a beta of 1.21.

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 aims to mirror the performance of the S&P 500 Equal Weighted / Materials index. This fund tracks an equal-weighted index composed of U.S. materials companies within the S&P 500. Invesco launched the ETF on November 1, 2006, and it is managed by Invesco.

Investments, ETF, Invesco