Private Advisor Group LLC Reduces Stock Position in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF)

Private Advisor Group LLC decreased its stake in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,182 shares of the company’s stock after selling 1,971 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco S&P 500 Equal Weight Financials ETF were worth $2,763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth about $47,000. Integrated Wealth Concepts LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF in the third quarter valued at approximately $218,000. Sanctuary Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight Financials ETF in the third quarter worth approximately $228,000. Wealthcare Advisory Partners LLC increased its stake in Invesco S&P 500 Equal Weight Financials ETF by 20.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 4,749 shares of the company’s stock worth $344,000 after acquiring an additional 802 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 7,374 shares of the company’s stock valued at $534,000 after purchasing an additional 151 shares during the last quarter.

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

NYSEARCA RSPF opened at $74.05 on Tuesday. The stock has a market cap of $317.67 million, a PE ratio of 14.91 and a beta of 0.84. Invesco S&P 500 Equal Weight Financials ETF has a twelve month low of $59.36 and a twelve month high of $78.43. The stock has a fifty day simple moving average of $73.99 and a 200-day simple moving average of $72.07.

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.