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

Strategic Blueprint LLC has decreased its investment in the Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 6.2% over the third quarter, as reported in its latest filing with the Securities and Exchange Commission. After selling 455 shares, the institution now holds 6,851 shares of the ETF. At the close of the reporting period, these shares were valued at approximately $256,000.

Other institutional investors have also made adjustments to their holdings in this ETF. Strategy Asset Managers LLC entered a new position in the Invesco S&P 500 Equal Weight Materials ETF during the second quarter, investing $129,000. In the third quarter, Arkadios Wealth Advisors bought a new stake worth $213,000. Additionally, Tradewinds LLC acquired a new position in the first quarter valued at around $218,000. Harbour Investments Inc. significantly increased its stake by 411.2% in the second quarter, holding 6,875 shares after adding 5,530 shares. Their total investment in the ETF is now valued at $237,000. Cetera Advisors LLC also raised its position by 9.3% in the first quarter, owning 7,327 shares worth $266,000 after acquiring an additional 626 shares.

Invesco S&P 500 Equal Weight Materials ETF Market Performance

The Invesco S&P 500 Equal Weight Materials ETF opened at $36.32 recently, with a fifty-two week low of $29.64 and a high of $37.85. The ETF has a 50-day moving average price of $36.43 and a 200-day moving average of $35.61. Its market capitalization stands at $298.19 million, and it has a price-to-earnings ratio of 16.13, along with a beta of 1.21.

Overview of Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RSPM) is an exchange-traded fund that follows the S&P 500 Equal Weighted / Materials index. It tracks an equal-weighted index of materials companies included in the S&P 500. The ETF was launched on November 1, 2006, and is managed by Invesco.

Invesco, ETFs, Investment