Farther Finance Advisors LLC Buys 68,302 Shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC)

Farther Finance Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) by 6,830,200.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,303 shares of the company’s stock after acquiring an additional 68,302 shares during the quarter. Farther Finance Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Communication Services ETF were worth $2,409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RSPC. Raymond James Financial Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at approximately $5,995,000. NewEdge Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at approximately $446,000. OLD Mission Capital LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at approximately $427,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at approximately $371,000. Finally, Legacy Private Trust Co. grew its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 17.3% during the 1st quarter. Legacy Private Trust Co. now owns 38,614 shares of the company’s stock valued at $1,367,000 after acquiring an additional 5,699 shares during the period.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

RSPC stock opened at $36.96 on Wednesday. Invesco S&P 500 Equal Weight Communication Services ETF has a 1-year low of $28.89 and a 1-year high of $36.96. The company has a market capitalization of $67.27 million, a price-to-earnings ratio of 18.76 and a beta of 1.03. The business has a 50 day simple moving average of $34.91 and a two-hundred day simple moving average of $35.12.

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.