Raymond James Financial Services Advisors Inc. Sells 56,297 Shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD)

Raymond James Financial Services Advisors Inc. reduced its position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) by 19.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,404 shares of the company’s stock after selling 56,297 shares during the period. Raymond James Financial Services Advisors Inc. owned 2.70% of Invesco S&P 500 Equal Weight Consumer Discretionary ETF worth $12,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the fourth quarter valued at approximately $75,000. Tradewinds Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter worth $155,000. Wealthspire Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter worth $201,000. Capital Analysts LLC purchased a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 4th quarter worth $218,000. Finally, Great Valley Advisor Group Inc. acquired a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 4th quarter valued at about $280,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Price Performance

Invesco S&P 500 Equal Weight Consumer Discretionary ETF stock traded up $0.32 during midday trading on Friday, reaching $47.51. The company’s stock had a trading volume of 30,092 shares, compared to its average volume of 54,770. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 52-week low of $38.41 and a 52-week high of $51.18. The stock has a market capitalization of $414.29 million, a P/E ratio of 16.82 and a beta of 1.37. The stock’s 50-day simple moving average is $48.92 and its 200-day simple moving average is $46.31.

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.