Raymond James & Associates Invests $492,000 in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF)

Raymond James & Associates acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,394 shares of the company’s stock, valued at approximately $492,000. Raymond James & Associates owned approximately 0.16% of Invesco S&P 500 Equal Weight Financials ETF at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Walker Asset Management LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter worth about $1,307,000. Sunbelt Securities Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter worth approximately $865,000. Finally, Davis Investment Partners LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth approximately $3,148,000.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

RSPF stock opened at $60.96 on Friday. The firm has a market cap of $262.13 million, a PE ratio of 15.25 and a beta of 0.94. Invesco S&P 500 Equal Weight Financials ETF has a 12 month low of $47.21 and a 12 month high of $64.32. The firm has a 50 day simple moving average of $61.64 and a 200 day simple moving average of $57.70.

Invesco S&P 500 Equal Weight Financials ETF Company 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.