Strategic Blueprint LLC Sells Shares of Invesco S&P 500 Equal Weight Materials ETF

Strategic Blueprint LLC has reduced its stake in the Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) by 6.2% during the third quarter, as revealed in their recent filing with the Securities and Exchange Commission. Following the sale of 455 shares during this period, Strategic Blueprint now holds 6,851 shares of the ETF. The total value of these holdings is approximately $256,000 at the end of the reported quarter.

In addition to Strategic Blueprint, other institutional investors have also been adjusting their positions in the fund. For instance, Strategy Asset Managers LLC entered a new position during the second quarter, investing around $129,000 in the ETF. Arkadios Wealth Advisors acquired shares during the third quarter, investing $213,000. Tradewinds LLC made a new acquisition in the first quarter, investing roughly $218,000, while Harbour Investments Inc. increased its stake significantly by 411.2% during the second quarter, now owning 6,875 shares valued at $237,000 after purchasing an additional 5,530 shares. Moreover, Cetera Advisors LLC raised its holdings by 9.3% in the first quarter, bringing their total to 7,327 shares worth $266,000 after buying 626 more shares in the last quarter.

Performance of Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF opened at $36.32 recently. Over the past year, the ETF has seen a low price of $29.64 and a high of $37.85. The 50-day moving average stands at $36.43, while the 200-day moving average is $35.61. The ETF boasts a market capitalization of about $298.19 million, a price-to-earnings ratio of 16.13, and a beta of 1.21, indicating its performance relative to the market.

Overview of 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 the S&P 500 Equal Weighted / Materials index. This ETF focuses on an equal-weighted index of U.S. materials companies included in the S&P 500. Launched on November 1, 2006, it is managed by Invesco.

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