Yoder Wealth Management Inc. Takes Position in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF)

Yoder Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) during the fourth quarter, Holdings Channel reports. The fund purchased 41,956 shares of the company’s stock, valued at approximately $2,459,000. Invesco S&P 500 Equal Weight Financials ETF accounts for approximately 1.7% of Yoder Wealth Management Inc.’s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of RSPF. Allworth Financial LP bought a new position in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth $68,000. Wetzel Investment Advisors Inc. acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth $82,000. Capital Analysts LLC acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth $171,000. Garrison Asset Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth $202,000. Finally, PFG Investments LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at about $263,000.

Invesco S&P 500 Equal Weight Financials ETF Trading Down 0.4 %

RSPF stock traded down $0.27 during trading on Friday, hitting $60.96. 8,665 shares of the stock traded hands, compared to its average volume of 20,005. Invesco S&P 500 Equal Weight Financials ETF has a one year low of $47.21 and a one year high of $64.32. The stock has a market cap of $262.13 million, a price-to-earnings ratio of 15.25 and a beta of 0.94. The company has a 50 day simple moving average of $61.64 and a 200 day simple moving average of $57.70.

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.