Spire Wealth Management acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 450 shares of the company’s stock, valued at approximately $26,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Joseph P. Lucia & Associates LLC bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at approximately $4,845,000. SignalPoint Asset Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at approximately $3,733,000. Allen Capital Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at approximately $3,429,000. Davis Investment Partners LLC bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at approximately $3,148,000. Finally, Yoder Wealth Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at approximately $2,459,000.
Invesco S&P 500 Equal Weight Financials ETF Stock Performance
RSPF opened at $62.87 on Wednesday. Invesco S&P 500 Equal Weight Financials ETF has a one year low of $47.94 and a one year high of $64.32. The stock has a market cap of $269.72 million, a price-to-earnings ratio of 14.91 and a beta of 0.84. The stock’s 50 day moving average price is $61.92 and its 200-day moving average price is $58.81.
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.
Further Reading
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