Financial Architects Inc decreased its holdings in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF – Free Report) by 13.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,201 shares of the company’s stock after selling 1,243 shares during the quarter. Financial Architects Inc owned about 0.16% of Invesco S&P 500 Equal Weight Financials ETF worth $420,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in RYF. Moisand Fitzgerald Tamayo LLC acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 1st quarter worth about $35,000. LVZ Inc. lifted its position in Invesco S&P 500 Equal Weight Financials ETF by 5.7% during the 2nd quarter. LVZ Inc. now owns 14,673 shares of the company’s stock worth $751,000 after acquiring an additional 792 shares during the period. Friedenthal Financial lifted its position in Invesco S&P 500 Equal Weight Financials ETF by 15.0% during the 1st quarter. Friedenthal Financial now owns 12,594 shares of the company’s stock worth $636,000 after acquiring an additional 1,646 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 2nd quarter worth about $423,000. Finally, Cumberland Partners Ltd acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 1st quarter worth about $333,000.
Invesco S&P 500 Equal Weight Financials ETF Stock Performance
Shares of RYF opened at $52.86 on Wednesday. The stock has a 50-day moving average of $50.93 and a two-hundred day moving average of $51.17. Invesco S&P 500 Equal Weight Financials ETF has a one year low of $47.21 and a one year high of $62.37. The stock has a market cap of $273.82 million, a P/E ratio of 10.81 and a beta of 1.07.
About Invesco S&P 500 Equal Weight Financials ETF
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.
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