Freedom Investment Management Inc. Sells 793 Shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Freedom Investment Management Inc. lowered its stake in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,941 shares of the company’s stock after selling 793 shares during the quarter. Freedom Investment Management Inc. owned 0.52% of Invesco S&P 500 Equal Weight Communication Services ETF worth $391,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RSPC. Sanctuary Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the 2nd quarter worth approximately $394,000. Worth Asset Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 2nd quarter worth $373,000. RFG Advisory LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 3.4% in the 2nd quarter. RFG Advisory LLC now owns 168,842 shares of the company’s stock worth $5,011,000 after purchasing an additional 5,544 shares in the last quarter. Truist Financial Corp grew its position in Invesco S&P 500 Equal Weight Communication Services ETF by 1.2% in the 2nd quarter. Truist Financial Corp now owns 233,844 shares of the company’s stock valued at $6,940,000 after purchasing an additional 2,885 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 2,739.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,925 shares of the company’s stock valued at $86,000 after purchasing an additional 2,822 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Up 0.5 %

Invesco S&P 500 Equal Weight Communication Services ETF stock opened at $35.79 on Friday. The firm has a market capitalization of $81.96 million, a price-to-earnings ratio of 15.99 and a beta of 0.92. The firm’s fifty day moving average price is $33.49 and its two-hundred day moving average price is $31.46. Invesco S&P 500 Equal Weight Communication Services ETF has a 1-year low of $27.87 and a 1-year high of $35.84.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.