Walker Asset Management LLC Has $781,000 Stake in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Walker Asset Management LLC cut its position in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,877 shares of the company’s stock after selling 666 shares during the quarter. Walker Asset Management LLC owned about 1.04% of Invesco S&P 500 Equal Weight Communication Services ETF worth $781,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 232,494 shares of the company’s stock valued at $6,900,000 after buying an additional 1,075 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 2nd quarter worth approximately $394,000. Benjamin F. Edwards & Company Inc. grew its holdings in 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 purchasing an additional 2,822 shares during the period. SignalPoint Asset Management LLC grew its stake in shares of 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 buying an additional 506 shares during the period. Finally, Legacy Private Trust Co. grew its stake 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 valued at $1,123,000 after acquiring an additional 1,291 shares during the period.

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

Shares of NYSEARCA RSPC traded up $0.02 during midday trading on Thursday, hitting $32.68. 977 shares of the stock traded hands, compared to its average volume of 17,320. Invesco S&P 500 Equal Weight Communication Services ETF has a one year low of $25.23 and a one year high of $33.14. The business has a 50 day moving average price of $32.01 and a two-hundred day moving average price of $30.41. The company has a market cap of $74.84 million, a PE 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.