Joseph Group Capital Management Has $6.29 Million Stake in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF)

Joseph Group Capital Management raised its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,618 shares of the company’s stock after buying an additional 378 shares during the period. Invesco S&P 500 Equal Weight Financials ETF comprises approximately 3.3% of Joseph Group Capital Management’s portfolio, making the stock its 8th largest position. Joseph Group Capital Management owned about 2.39% of Invesco S&P 500 Equal Weight Financials ETF worth $6,290,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RSPF. Tidemark LLC purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at about $26,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at approximately $1,910,000. Focus Financial Network Inc. ADV purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter worth $2,037,000. Cetera Advisor Networks LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at $6,271,000. Finally, Scarborough Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at $86,000.

Invesco S&P 500 Equal Weight Financials ETF Stock Up 1.4 %

Shares of Invesco S&P 500 Equal Weight Financials ETF stock opened at $69.60 on Friday. The company’s fifty day simple moving average is $66.02 and its two-hundred day simple moving average is $63.26. Invesco S&P 500 Equal Weight Financials ETF has a 12-month low of $47.94 and a 12-month high of $70.05. The firm has a market cap of $298.58 million, a PE ratio of 14.91 and a beta of 0.84.

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.