Graham Capital Wealth Management LLC Buys New Shares in Invesco S&P 500 Equal Weight Communication Services ETF $RSPC

Graham Capital Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 90,378 shares of the company’s stock, valued at approximately $3,600,000. Invesco S&P 500 Equal Weight Communication Services ETF accounts for 3.3% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Graham Capital Wealth Management LLC owned about 4.76% of Invesco S&P 500 Equal Weight Communication Services ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RSPC. Benjamin Edwards Inc. purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the third quarter valued at $200,000. Mendel Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the third quarter valued at $202,000. Jane Street Group LLC purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the first quarter valued at $206,000. Lido Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 9.9% in the second quarter. Lido Advisors LLC now owns 6,595 shares of the company’s stock valued at $252,000 after purchasing an additional 592 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the third quarter valued at $437,000.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Up 0.1%

NYSEARCA:RSPC opened at $37.66 on Tuesday. The firm has a market cap of $64.40 million, a PE ratio of 17.69 and a beta of 1.02. The stock has a fifty day moving average price of $38.11 and a 200 day moving average price of $38.93. Invesco S&P 500 Equal Weight Communication Services ETF has a 12-month low of $31.24 and a 12-month high of $41.47.

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.