Raymond James Financial Services Advisors Inc. Cuts Stock Position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) by 19.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 235,404 shares of the company’s stock after selling 56,297 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF were worth $12,010,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Davis Investment Partners LLC purchased a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter valued at approximately $1,450,000. Valicenti Advisory Services Inc. purchased a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the fourth quarter valued at $3,026,000. Raymond James & Associates acquired a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 4th quarter worth $3,614,000. SignalPoint Asset Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter valued at about $3,147,000. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter valued at about $1,124,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Price Performance

Shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF stock traded up $0.32 on Friday, reaching $47.51. 30,092 shares of the company were exchanged, compared to its average volume of 54,770. The stock’s 50 day moving average price is $48.92 and its 200-day moving average price is $46.31. The company has a market cap of $414.29 million, a P/E ratio of 16.82 and a beta of 1.37. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 1-year low of $38.41 and a 1-year high of $51.18.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks an equal-weighted index of large-cap US Consumer Discretionary stocks drawn from the S&P 500. RSPD was launched on Nov 1, 2006 and is managed by Invesco.