Raymond James Financial Inc. purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 88,213 shares of the company’s stock, valued at approximately $2,873,000.
Separately, Private Advisor Group LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 21.0% in the 4th quarter. Private Advisor Group LLC now owns 27,306 shares of the company’s stock valued at $889,000 after acquiring an additional 4,731 shares during the period.
Invesco S&P 500 Equal Weight Materials ETF Trading Down 1.9 %
Invesco S&P 500 Equal Weight Materials ETF stock opened at $31.44 on Friday. The stock has a market capitalization of $183.30 million, a price-to-earnings ratio of 22.44 and a beta of 1.12. Invesco S&P 500 Equal Weight Materials ETF has a twelve month low of $31.23 and a twelve month high of $37.85. The stock has a 50 day moving average of $33.07 and a two-hundred day moving average of $34.65.
Invesco S&P 500 Equal Weight Materials ETF Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.1795 per share. This is a boost from Invesco S&P 500 Equal Weight Materials ETF’s previous dividend of $0.16. The ex-dividend date was Monday, March 24th.
About Invesco S&P 500 Equal Weight Materials ETF
(Free Report)
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.
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