Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. trimmed its position in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,138 shares of the company’s stock after selling 734 shares during the quarter. Freedom Investment Management Inc.’s holdings in Invesco S&P 500 Equal Weight Financials ETF were worth $699,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the 1st quarter worth about $6,010,000. Mather Group LLC. purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the second quarter valued at about $32,000. Davis Investment Partners LLC grew its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 15.7% in the second quarter. Davis Investment Partners LLC now owns 76,393 shares of the company’s stock valued at $4,848,000 after purchasing an additional 10,374 shares during the last quarter. Joseph Group Capital Management increased its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 0.4% during the 2nd quarter. Joseph Group Capital Management now owns 102,618 shares of the company’s stock worth $6,290,000 after purchasing an additional 378 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 36,235.3% during the 2nd quarter. NewEdge Advisors LLC now owns 111,186 shares of the company’s stock worth $6,816,000 after purchasing an additional 110,880 shares during the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

RSPF stock opened at $77.86 on Friday. The stock’s 50 day moving average price is $72.24 and its 200 day moving average price is $66.86. The firm has a market cap of $334.00 million, a P/E ratio of 14.91 and a beta of 0.84. Invesco S&P 500 Equal Weight Financials ETF has a 1 year low of $53.67 and a 1 year high of $78.30.

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.