Worth Asset Management LLC Buys 1,237 Shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Worth Asset Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,180 shares of the company’s stock after purchasing an additional 1,237 shares during the period. Worth Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight Communication Services ETF were worth $382,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RSPC. Benjamin F. Edwards & Company Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2,739.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,925 shares of the company’s stock worth $86,000 after buying an additional 2,822 shares during the period. Jane Street Group LLC purchased a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the 3rd quarter worth approximately $391,000. Sanctuary Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the 2nd quarter worth approximately $394,000. Yoder Wealth Management Inc. lifted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the third quarter. Yoder Wealth Management Inc. now owns 30,491 shares of the company’s stock valued at $997,000 after purchasing an additional 772 shares in the last quarter. Finally, Legacy Private Trust Co. increased its stake in shares of 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 purchasing an additional 1,291 shares in the last quarter.

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

Shares of RSPC stock traded down $0.19 on Wednesday, hitting $33.98. 1,406 shares of the stock traded hands, compared to its average volume of 5,094. The firm has a market cap of $77.81 million, a price-to-earnings ratio of 15.99 and a beta of 0.92. The firm has a 50 day simple moving average of $34.83 and a two-hundred day simple moving average of $32.54. Invesco S&P 500 Equal Weight Communication Services ETF has a 52 week low of $27.90 and a 52 week high of $36.27.

Invesco S&P 500 Equal Weight Communication Services ETF 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.