Wells Fargo & Company MN Invests $7.54 Million in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) Stock

Wells Fargo & Company MN bought a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 72,791 shares of the company’s stock, valued at approximately $7,539,000. Wells Fargo & Company MN owned about 5.39% of Invesco S&P 500 Equal Weight Consumer Discretionary ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RCD. SignalPoint Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the second quarter valued at about $3,931,000. Financial Sense Advisors Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 2nd quarter valued at approximately $355,000. Liberty Capital Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 2nd quarter valued at approximately $234,000. Breiter Capital Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 2nd quarter valued at approximately $226,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 2nd quarter valued at approximately $112,000.

Shares of RCD stock traded down $0.88 during trading on Friday, reaching $101.73. 4,349 shares of the company’s stock traded hands, compared to its average volume of 11,335. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 1 year low of $90.17 and a 1 year high of $108.68.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Tuesday, September 25th were paid a dividend of $0.3987 per share. This represents a $1.59 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Monday, September 24th.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (the Fund), formerly Rydex S&P Equal Weight Consumer Discretionary ETF, seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Discretionary (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Discretionary Index that consists of the common stocks of industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing that comprise the consumer discretionary sector of the S&P 500 Index.

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Institutional Ownership by Quarter for Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD)

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