Baker Avenue Asset Management LP Takes $2.95 Million Position in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF)

Baker Avenue Asset Management LP purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 40,807 shares of the company’s stock, valued at approximately $2,953,000. Baker Avenue Asset Management LP owned 0.95% of Invesco S&P 500 Equal Weight Financials ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RSPF. Jones Financial Companies Lllp raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 221.9% during the fourth quarter. Jones Financial Companies Lllp now owns 6,849 shares of the company’s stock worth $496,000 after purchasing an additional 4,721 shares during the period. Truist Financial Corp acquired a new position in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth $591,000. Bank of Montreal Can lifted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 89.2% in the fourth quarter. Bank of Montreal Can now owns 1,050 shares of the company’s stock valued at $76,000 after buying an additional 495 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 12.8% during the fourth quarter. LPL Financial LLC now owns 128,258 shares of the company’s stock valued at $9,282,000 after buying an additional 14,602 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 36,375 shares of the company’s stock worth $2,632,000 after acquiring an additional 693 shares in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Shares of NYSEARCA RSPF opened at $71.18 on Monday. The stock has a market cap of $303.23 million, a price-to-earnings ratio of 15.58 and a beta of 0.96. Invesco S&P 500 Equal Weight Financials ETF has a fifty-two week low of $59.79 and a fifty-two week high of $78.43. The firm’s 50-day simple moving average is $70.08 and its 200 day simple moving average is $72.78.

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.