Strategic Blueprint LLC Reduces Stake in Invesco S&P 500 Equal Weight Materials ETF

During the third quarter of 2024, Strategic Blueprint LLC reduced its investment in the Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 6.2%, as reported in their latest filing with the Securities and Exchange Commission (SEC). After selling 455 shares during this period, the institutional investor now holds a total of 6,851 shares in the ETF.

As of the end of this reporting period, Strategic Blueprint's holdings in RSPM were valued at approximately $256,000.

In addition to Strategic Blueprint, several other institutional investors have recently adjusted their positions in the ETF. For instance, Strategy Asset Managers LLC acquired a new stake worth $129,000 in the second quarter, while Arkadios Wealth Advisors invested $213,000 in RSPM during the third quarter. Tradewinds LLC also entered a new position in the ETF worth about $218,000 earlier in the year.

Harbour Investments Inc. significantly boosted its stake in the Invesco S&P 500 Equal Weight Materials ETF by 411.2% during the second quarter, bringing its total to 6,875 shares valued at around $237,000 after purchasing an additional 5,530 shares. Cetera Advisors LLC also increased its stake by 9.3% during the first quarter, now owning 7,327 shares worth $266,000 after acquiring an additional 626 shares in the latest quarter.

Performance Overview of Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF opened at $36.32 on Friday, and it has demonstrated a range in its pricing over the last year, with a low of $29.64 and a high of $37.85. Currently, the 50-day moving average price is at $36.43, while the 200-day moving average stands at $35.61. The ETF's total market capitalization is $298.19 million, and it holds a price-to-earnings ratio of 16.13 along with a beta of 1.21.

About Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RSPM) is an exchange-traded fund designed to track an equal-weighted index of US materials companies within the S&P 500. Launched on November 1, 2006, it is managed by Invesco and focuses on providing balanced exposure to the sector.

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