Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Stake Lessened by Worth Asset Management LLC

Worth Asset Management LLC decreased its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 20.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,943 shares of the company’s stock after selling 2,624 shares during the period. Worth Asset Management LLC owned 0.43% of Invesco S&P 500 Equal Weight Communication Services ETF worth $325,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its position in shares of 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 during the period. Sanctuary Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the second quarter worth about $394,000. Yoder Wealth Management Inc. raised its position in Invesco S&P 500 Equal Weight Communication Services ETF by 31.9% in the first quarter. Yoder Wealth Management Inc. now owns 28,958 shares of the company’s stock worth $863,000 after acquiring an additional 6,996 shares in the last quarter. Legacy Private Trust Co. raised its position in Invesco S&P 500 Equal Weight Communication Services ETF by 3.9% in the third quarter. Legacy Private Trust Co. now owns 34,314 shares of the company’s stock worth $1,123,000 after acquiring an additional 1,291 shares in the last quarter. Finally, SignalPoint Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 0.7% in the 3rd quarter. SignalPoint Asset Management LLC now owns 76,034 shares of the company’s stock valued at $2,483,000 after acquiring an additional 506 shares during the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

Shares of RSPC opened at $32.35 on Friday. The firm’s 50 day moving average is $31.55 and its 200-day moving average is $30.20. Invesco S&P 500 Equal Weight Communication Services ETF has a 12-month low of $25.23 and a 12-month high of $32.89. The stock has a market capitalization of $74.08 million, a P/E ratio of 15.99 and a beta of 0.92.

About Invesco S&P 500 Equal Weight Communication Services ETF

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.