Paller Financial Services Inc Takes $2.76 Million Position in Invesco S&P 500 Equal Weight Communication Services ETF $RSPC

Paller Financial Services Inc acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 69,305 shares of the company’s stock, valued at approximately $2,761,000. Invesco S&P 500 Equal Weight Communication Services ETF accounts for approximately 2.2% of Paller Financial Services Inc’s investment portfolio, making the stock its 21st biggest holding. Paller Financial Services Inc owned 3.65% of Invesco S&P 500 Equal Weight Communication Services ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the 3rd quarter valued at about $437,000. Lido Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 9.9% during the second quarter. Lido Advisors LLC now owns 6,595 shares of the company’s stock valued at $252,000 after buying an additional 592 shares during the period. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 115.5% in the third quarter. Bank of America Corp DE now owns 84,719 shares of the company’s stock worth $3,493,000 after buying an additional 45,405 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.2% in the third quarter. Raymond James Financial Inc. now owns 185,607 shares of the company’s stock worth $7,654,000 after buying an additional 4,003 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 305.0% in the second quarter. NewEdge Advisors LLC now owns 166,495 shares of the company’s stock valued at $6,370,000 after acquiring an additional 125,388 shares during the period.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Up 1.4%

Shares of NYSEARCA:RSPC opened at $37.40 on Wednesday. The company has a 50 day moving average of $38.23 and a 200 day moving average of $39.02. The stock has a market cap of $71.06 million, a P/E ratio of 17.69 and a beta of 1.02. Invesco S&P 500 Equal Weight Communication Services ETF has a 12 month low of $31.24 and a 12 month high of $41.47.

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.