Zions Bancorporation N.A. Invests $77,000 in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Zions Bancorporation N.A. purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,050 shares of the company’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategy Asset Managers LLC bought a new stake in Invesco S&P 500 Equal Weight Materials ETF in the second quarter valued at $129,000. Arkadios Wealth Advisors acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF in the third quarter valued at approximately $213,000. Harbour Investments Inc. raised its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 411.2% during the second quarter. Harbour Investments Inc. now owns 6,875 shares of the company’s stock worth $237,000 after purchasing an additional 5,530 shares during the period. Creative Planning bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter worth $266,000. Finally, Cetera Advisors LLC increased its stake in Invesco S&P 500 Equal Weight Materials ETF by 9.3% during the 1st quarter. Cetera Advisors LLC now owns 7,327 shares of the company’s stock valued at $266,000 after purchasing an additional 626 shares in the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

Shares of NYSEARCA RSPM opened at $35.41 on Friday. Invesco S&P 500 Equal Weight Materials ETF has a 1 year low of $30.95 and a 1 year high of $37.85. The stock has a market capitalization of $290.72 million, a P/E ratio of 16.13 and a beta of 1.21. The company has a 50-day moving average price of $36.50 and a 200-day moving average price of $35.72.

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.