Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD) Shares Down 2.1%

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD)’s share price fell 2.1% on Tuesday . The stock traded as low as $47.37 and last traded at $47.39. 31,537 shares changed hands during trading, a decline of 34% from the average session volume of 48,146 shares. The stock had previously closed at $48.41.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Trading Down 2.1 %

The company has a market capitalization of $411.82 million, a P/E ratio of 16.82 and a beta of 1.36. The company has a 50 day moving average price of $53.87 and a 200 day moving average price of $52.59.

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

Hedge funds have recently bought and sold shares of the stock. Clearstead Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 200.0% in the third quarter. Clearstead Advisors LLC now owns 540 shares of the company’s stock valued at $70,000 after acquiring an additional 360 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 3rd quarter worth approximately $73,000. Financial Gravity Asset Management Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 364.5% during the third quarter. Financial Gravity Asset Management Inc. now owns 641 shares of the company’s stock worth $83,000 after purchasing an additional 503 shares during the period. Glenmede Trust Co. NA increased its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 200.0% during the third quarter. Glenmede Trust Co. NA now owns 1,350 shares of the company’s stock worth $175,000 after purchasing an additional 900 shares during the period. Finally, Tradewinds Capital Management LLC raised its position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 200.7% in the third quarter. Tradewinds Capital Management LLC now owns 3,245 shares of the company’s stock valued at $420,000 after buying an additional 2,166 shares in the last quarter.

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

Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (the Fund), formerly Rydex S&P Equal Weight Consumer Discretionary ETF, seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Discretionary (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Discretionary Index that consists of the common stocks of industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing that comprise the consumer discretionary sector of the S&P 500 Index.