NewEdge Advisors LLC cut its position in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Free Report) by 78.9% during the 1st quarter, HoldingsChannel reports. The firm owned 31,827 shares of the company’s stock after selling 118,857 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Financials ETF were worth $2,272,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hills Bank & Trust Co bought a new position in Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter worth $685,000. Perryman Financial Advisory Inc. AD bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at $806,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 32,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 78,575 shares of the company’s stock valued at $6,167,000 after buying an additional 78,332 shares in the last quarter. Evoke Wealth LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth about $787,000. Finally, IFP Advisors Inc purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth about $35,000.
Invesco S&P 500 Equal Weight Financials ETF Price Performance
Shares of Invesco S&P 500 Equal Weight Financials ETF stock opened at $83.35 on Friday. The company has a 50-day moving average of $79.11 and a 200 day moving average of $76.44. The firm has a market cap of $308.39 million, a price-to-earnings ratio of 16.51 and a beta of 0.85. Invesco S&P 500 Equal Weight Financials ETF has a 1 year low of $69.04 and a 1 year high of $84.83.
About Invesco S&P 500 Equal Weight Financials ETF
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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Want to see what other hedge funds are holding RSPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Free Report).
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