NewEdge Advisors LLC lessened its stake in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Free Report) by 78.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 32,038 shares of the company’s stock after selling 118,646 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Financials ETF were worth $2,287,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in RSPF. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock valued at $17,999,000 after buying an additional 6,433 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.2% during the 1st quarter. Sunbelt Securities Inc. now owns 20,838 shares of the company’s stock worth $1,488,000 after acquiring an additional 1,752 shares during the last quarter. Lido Advisors LLC grew its position in Invesco S&P 500 Equal Weight Financials ETF by 4.1% in the first quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock worth $823,000 after acquiring an additional 452 shares in the last quarter. Pacific Sun Financial Corp grew its position in Invesco S&P 500 Equal Weight Financials ETF by 5.6% in the first quarter. Pacific Sun Financial Corp now owns 12,850 shares of the company’s stock worth $917,000 after acquiring an additional 680 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Invesco S&P 500 Equal Weight Financials ETF by 19.0% in the first quarter. Geneos Wealth Management Inc. now owns 7,623 shares of the company’s stock worth $544,000 after acquiring an additional 1,218 shares in the last quarter.
Invesco S&P 500 Equal Weight Financials ETF Stock Down 0.3%
RSPF opened at $85.38 on Friday. The stock has a market cap of $314.20 million, a PE ratio of 16.51 and a beta of 0.85. Invesco S&P 500 Equal Weight Financials ETF has a 52 week low of $69.04 and a 52 week high of $85.64. The business’s fifty day simple moving average is $80.97 and its 200 day simple moving average is $76.86.
Invesco S&P 500 Equal Weight Financials ETF Profile
The Invesco S&P 500 Equal Weight Financials ETF (RSPF) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Financials index. The fund tracks an equal-weighted index of financial stocks pulled from the S&P 500. RSPF was launched on Nov 1, 2006 and is managed by Invesco.
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