Peak Financial Management Inc. Purchases New Position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM)

Peak Financial Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,185 shares of the company’s stock, valued at approximately $1,318,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Walker Asset Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter valued at about $331,000. Raymond James & Associates acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth about $351,000. Schechter Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth about $419,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter worth approximately $427,000. Finally, WNY Asset Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter worth approximately $624,000.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight Materials ETF stock opened at $36.33 on Friday. The stock’s 50 day simple moving average is $33.65 and its 200-day simple moving average is $32.27. Invesco S&P 500 Equal Weight Materials ETF has a 1-year low of $28.92 and a 1-year high of $36.41.

About Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RSPM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RSPM was launched on Nov 1, 2006 and is managed by Invesco.