Redmont Wealth Advisors LLC Acquires New Position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF $RSPD

Redmont Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $577,000.

Several other large investors have also added to or reduced their stakes in the company. CX Institutional boosted its position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 2,799.0% in the third quarter. CX Institutional now owns 2,899 shares of the company’s stock worth $167,000 after purchasing an additional 2,799 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 3rd quarter valued at $262,000. Live Oak Investment Partners purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 3rd quarter valued at $275,000. Quantinno Capital Management LP bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 2nd quarter worth $358,000. Finally, BNP Paribas Financial Markets bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 2nd quarter worth $532,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Up 0.9%

NYSEARCA:RSPD opened at $59.62 on Thursday. The business’s 50-day simple moving average is $58.60 and its two-hundred day simple moving average is $57.42. The stock has a market cap of $230.13 million, a PE ratio of 17.03 and a beta of 1.21. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 52 week low of $43.47 and a 52 week high of $60.34.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

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.