Park Avenue Securities LLC Buys 30,093 Shares of Invesco S&P 500 Equal Weight Communication Services ETF $RSPC

Park Avenue Securities LLC purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,093 shares of the company’s stock, valued at approximately $1,056,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Walker Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the second quarter. Walker Asset Management LLC now owns 25,000 shares of the company’s stock valued at $882,000 after acquiring an additional 1,188 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the first quarter. NewEdge Advisors LLC now owns 170,196 shares of the company’s stock valued at $6,366,000 after buying an additional 4,368 shares during the last quarter. Lido Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock worth $257,000 after buying an additional 326 shares during the period. Raleigh Capital Management Inc. bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the 1st quarter worth approximately $57,000. Finally, Private Advisor Group LLC raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 95.5% during the first quarter. Private Advisor Group LLC now owns 21,453 shares of the company’s stock valued at $802,000 after purchasing an additional 10,482 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Up 1.1%

Shares of NYSEARCA:RSPC opened at $34.17 on Tuesday. The company has a 50 day moving average of $35.79 and a 200-day moving average of $37.03. The firm has a market cap of $51.94 million, a P/E ratio of 17.69 and a beta of 0.89. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $33.67 and a twelve month high of $40.13.

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.