Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Shares Down 1.5%

Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) traded down 1.5% during trading on Tuesday . The company traded as low as $34.53 and last traded at $34.58. 25,422 shares changed hands during mid-day trading, an increase of 143% from the average session volume of 10,472 shares. The stock had previously closed at $35.11.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.2 %

The company has a market capitalization of $280.40 million, a P/E ratio of 16.81 and a beta of 1.20. The business’s fifty day moving average price is $47.56 and its 200 day moving average price is $42.02.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Materials ETF

Several institutional investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its position in Invesco S&P 500 Equal Weight Materials ETF by 400.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 750 shares of the company’s stock worth $118,000 after buying an additional 600 shares in the last quarter. Horizon Family Wealth Inc. bought a new position in Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter worth approximately $941,000. Brick & Kyle Associates lifted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 400.2% during the 3rd quarter. Brick & Kyle Associates now owns 11,125 shares of the company’s stock worth $1,745,000 after buying an additional 8,901 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 286.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 12,662 shares of the company’s stock valued at $1,986,000 after buying an additional 9,386 shares during the period. Finally, Obsidian Personal Planning Solutions LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the third quarter valued at $2,996,000.

About Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RTM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RTM was launched on Nov 1, 2006 and is managed by Invesco.