Janney Montgomery Scott LLC Has $657,000 Stock Holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD)

Janney Montgomery Scott LLC is a financial services firm that provides investment banking, wealth management, and asset management services to individuals, corporations, and institutions. In its most recent 13F filing with the Securities and Exchange Commission (SEC), the company disclosed that it had boosted its position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF NYSEARCARCD by 201.5% in the third quarter.

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF is a type of exchange-traded fund (ETF) that tracks the performance of the consumer discretionary sector of the S&P 500 index, which includes companies in industries such as retail, entertainment, and technology. The ETF is designed to provide exposure to the entire consumer discretionary sector, rather than just a subset of it, by equal-weighting the stocks in the index.

Janney Montgomery Scott LLC's 13F filing with the SEC shows that the company owned 5,071 shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF NYSEARCARCD after the third quarter. This represents an increase of 201.5% from the number of shares the company owned before the third quarter.

It's worth noting that 13F filings are required by law and provide insight into the investment activities of institutional investors, such as mutual funds, pension plans, and hedge funds. These filings are typically made quarterly and include information about the investor's holdings in publicly traded securities, including the number of shares owned and the value of those shares.