Envestnet Portfolio Solutions Inc. Cuts Stock Holdings in Invesco S&P 500 Equal Weight Financials ETF $RSPF

Envestnet Portfolio Solutions Inc. lowered its stake in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,515 shares of the company’s stock after selling 151 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.08% of Invesco S&P 500 Equal Weight Financials ETF worth $268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RSPF. NewEdge Advisors LLC grew its position in Invesco S&P 500 Equal Weight Financials ETF by 13.7% in the 1st quarter. NewEdge Advisors LLC now owns 135,740 shares of the company’s stock worth $9,845,000 after purchasing an additional 16,387 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 1st quarter worth approximately $527,000. National Bank of Canada FI grew its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 68.7% in the first quarter. National Bank of Canada FI now owns 13,661 shares of the company’s stock valued at $992,000 after acquiring an additional 5,563 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 93,885 shares of the company’s stock valued at $7,287,000 after acquiring an additional 3,570 shares in the last quarter. Finally, McAdam LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF during the second quarter worth $207,000.

Invesco S&P 500 Equal Weight Financials ETF Trading Up 0.9%

RSPF stock opened at $76.32 on Friday. The stock has a market cap of $316.73 million, a P/E ratio of 16.51 and a beta of 0.96. The stock’s fifty day simple moving average is $77.34 and its two-hundred day simple moving average is $74.72. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $61.66 and a 1-year high of $80.00.

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.