LPL Financial LLC Has $9.28 Million Stake in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF)

LPL Financial LLC lifted its stake in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 12.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,258 shares of the company’s stock after acquiring an additional 14,602 shares during the period. LPL Financial LLC owned 2.99% of Invesco S&P 500 Equal Weight Financials ETF worth $9,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at approximately $47,000. Promus Capital LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth $147,000. Integrated Wealth Concepts LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF during the third quarter valued at about $218,000. Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the third quarter valued at about $228,000. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 20.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 4,749 shares of the company’s stock worth $344,000 after purchasing an additional 802 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Trading Down 6.8 %

Shares of Invesco S&P 500 Equal Weight Financials ETF stock opened at $64.36 on Friday. Invesco S&P 500 Equal Weight Financials ETF has a 1 year low of $59.36 and a 1 year high of $78.43. The company’s fifty day simple moving average is $73.50 and its 200-day simple moving average is $73.07. The company has a market cap of $275.46 million, a price-to-earnings ratio of 14.46 and a beta of 0.96.

Invesco S&P 500 Equal Weight Financials ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.3347 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco S&P 500 Equal Weight Financials ETF’s previous dividend of $0.28.

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.