Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Shares Up 0.1%

Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) traded up 0.1% during trading on Tuesday . The stock traded as high as $34.73 and last traded at $34.54. 22,429 shares were traded during mid-day trading, an increase of 114% from the average session volume of 10,472 shares. The stock had previously closed at $34.51.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.4 %

The firm’s 50-day moving average price is $44.59 and its 200 day moving average price is $37.13. The company has a market capitalization of $278.52 million, a price-to-earnings ratio of 16.75 and a beta of 1.26.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Materials ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Obsidian Personal Planning Solutions LLC raised its stake in Invesco S&P 500 Equal Weight Materials ETF by 465.3% during the third quarter. Obsidian Personal Planning Solutions LLC now owns 104,369 shares of the company’s stock worth $16,371,000 after acquiring an additional 85,908 shares in the last quarter. Horizon Family Wealth Inc. acquired a new position in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter worth approximately $941,000. Brick & Kyle Associates lifted its stake in Invesco S&P 500 Equal Weight Materials ETF by 400.2% in the 3rd quarter. Brick & Kyle Associates now owns 11,125 shares of the company’s stock valued at $1,745,000 after purchasing an additional 8,901 shares during the last quarter. Lido Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Materials ETF by 846.7% in the 3rd quarter. Lido Advisors LLC now owns 28,580 shares of the company’s stock valued at $4,483,000 after purchasing an additional 25,561 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Invesco S&P 500 Equal Weight Materials ETF by 286.5% in the third quarter. Tower Research Capital LLC TRC now owns 12,662 shares of the company’s stock valued at $1,986,000 after buying an additional 9,386 shares in the last quarter.

About Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RTM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RTM was launched on Nov 1, 2006 and is managed by Invesco.