Peak Financial Management Inc. Has $1.02 Million Stock Position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Peak Financial Management Inc. cut its stake in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 11.9% in the fourth quarter, Holdings Channel reports. The firm owned 31,217 shares of the company’s stock after selling 4,203 shares during the quarter. Peak Financial Management Inc.’s holdings in Invesco S&P 500 Equal Weight Materials ETF were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Obsidian Personal Planning Solutions LLC raised its holdings in Invesco S&P 500 Equal Weight Materials ETF by 10.5% in the third quarter. Obsidian Personal Planning Solutions LLC now owns 138,167 shares of the company’s stock worth $5,038,000 after purchasing an additional 13,141 shares during the period. Zions Bancorporation N.A. acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter worth $77,000. Harbour Investments Inc. lifted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 7.3% during 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 in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Invesco S&P 500 Equal Weight Materials ETF by 5.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 14,465 shares of the company’s stock valued at $541,000 after acquiring an additional 739 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the third quarter worth about $213,000.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

NYSEARCA RSPM opened at $34.46 on Monday. Invesco S&P 500 Equal Weight Materials ETF has a one year low of $31.64 and a one year high of $37.85. The firm has a market cap of $282.92 million, a P/E ratio of 16.13 and a beta of 1.21. The stock’s 50-day moving average is $34.35 and its 200-day moving average is $35.38.

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.