NewEdge Advisors LLC Trims Stake in Invesco S&P 500 Equal Weight Financials ETF $RSPF

NewEdge Advisors LLC lowered its position in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 78.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,038 shares of the company’s stock after selling 118,646 shares during the quarter. NewEdge Advisors LLC owned about 0.88% of Invesco S&P 500 Equal Weight Financials ETF worth $2,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSPF. Bank of America Corp DE boosted its stake in Invesco S&P 500 Equal Weight Financials ETF by 2.6% during the first 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 during the period. Sunbelt Securities Inc. grew its position in Invesco S&P 500 Equal Weight Financials ETF by 9.2% during the first quarter. Sunbelt Securities Inc. now owns 20,838 shares of the company’s stock worth $1,488,000 after buying an additional 1,752 shares in the last quarter. Lido Advisors LLC increased its stake in Invesco S&P 500 Equal Weight Financials ETF by 4.1% in the 1st quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock worth $823,000 after acquiring an additional 452 shares during the last quarter. Pacific Sun Financial Corp increased its stake in Invesco S&P 500 Equal Weight Financials ETF by 5.6% in the 1st quarter. Pacific Sun Financial Corp now owns 12,850 shares of the company’s stock worth $917,000 after acquiring an additional 680 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Invesco S&P 500 Equal Weight Financials ETF by 19.0% in the 1st 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 during the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Stock Down 0.3%

NYSEARCA:RSPF opened at $85.38 on Friday. The business’s 50-day moving average price is $80.97 and its two-hundred day moving average price is $76.86. Invesco S&P 500 Equal Weight Financials ETF has a twelve month low of $69.04 and a twelve month high of $85.64. The stock has a market cap of $314.20 million, a P/E ratio of 16.51 and a beta of 0.85.

Invesco S&P 500 Equal Weight Financials ETF Company 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.