LPL Financial LLC grew its stake in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,743 shares of the company’s stock after acquiring an additional 802 shares during the period. LPL Financial LLC owned about 0.87% of Invesco S&P 500 Equal Weight Materials ETF worth $1,287,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 83.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,788 shares of the company’s stock worth $1,665,000 after buying an additional 7,162 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 22.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,166 shares of the company’s stock worth $439,000 after buying an additional 775 shares during the last quarter. Lido Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter valued at $352,000. Meridian Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter valued at $30,000. Finally, LifePlan Financial Group Inc increased its holdings in Invesco S&P 500 Equal Weight Materials ETF by 179.8% in the 2nd quarter. LifePlan Financial Group Inc now owns 14,424 shares of the company’s stock valued at $1,581,000 after buying an additional 9,268 shares during the period.

Shares of RTM remained flat at $$110.29 during trading hours on Thursday. 75 shares of the stock traded hands, compared to its average volume of 7,597. Invesco S&P 500 Equal Weight Materials ETF has a fifty-two week low of $88.53 and a fifty-two week high of $113.81. The company’s 50 day moving average price is $106.70 and its two-hundred day moving average price is $106.49.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM)

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