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

NewEdge Advisors LLC lessened its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 78.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,827 shares of the company’s stock after selling 118,857 shares during the quarter. NewEdge Advisors LLC owned approximately 0.87% of Invesco S&P 500 Equal Weight Financials ETF worth $2,272,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in Invesco S&P 500 Equal Weight Financials ETF by 2.9% in the second quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock valued at $507,000 after acquiring an additional 190 shares in the last quarter. National Bank of Canada FI raised its holdings in Invesco S&P 500 Equal Weight Financials ETF by 1.3% in the 3rd quarter. National Bank of Canada FI now owns 19,699 shares of the company’s stock worth $1,530,000 after purchasing an additional 255 shares in the last quarter. Arax Advisory Partners bought a new position in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth $35,000. 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. Finally, Lido Advisors LLC lifted its position in shares of 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 purchasing an additional 452 shares during the period.

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

Shares of RSPF opened at $83.35 on Friday. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $69.04 and a 1-year high of $84.83. The firm’s 50-day moving average price is $79.11 and its 200-day moving average price is $76.44. The firm has a market capitalization of $308.39 million, a price-to-earnings ratio of 16.51 and a beta of 0.85.

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.