LPL Financial LLC Lowers Stock Holdings in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF)

LPL Financial LLC trimmed its position in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF – Get Rating) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,454 shares of the company’s stock after selling 63,749 shares during the quarter. LPL Financial LLC’s holdings in Invesco S&P 500 Equal Weight Financials ETF were worth $10,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.7% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 8,974 shares of the company’s stock worth $460,000 after buying an additional 240 shares during the period. Creative Planning grew its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.7% in the 2nd quarter. Creative Planning now owns 9,534 shares of the company’s stock worth $507,000 after buying an additional 250 shares during the period. Sunbelt Securities Inc. grew its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 3.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 8,930 shares of the company’s stock worth $457,000 after buying an additional 282 shares during the period. Baird Financial Group Inc. grew its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.6% in the 1st quarter. Baird Financial Group Inc. now owns 6,486 shares of the company’s stock worth $413,000 after buying an additional 286 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 215.2% in the 4th quarter. Private Trust Co. NA now owns 539 shares of the company’s stock worth $30,000 after buying an additional 368 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

NYSEARCA:RYF opened at $48.86 on Thursday. The company has a market capitalization of $319.51 million, a PE ratio of 10.81 and a beta of 1.07. The firm’s 50-day moving average price is $51.16 and its 200-day moving average price is $55.81. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $47.21 and a 1-year high of $62.37.

Invesco S&P 500 Equal Weight Financials ETF Profile

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The Invesco S&P 500 Equal Weight Financials ETF (RYF) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Financials index. The fund tracks an equal-weighted index of financial stocks pulled from the S&P 500. RYF was launched on Nov 1, 2006 and is managed by Invesco.