Envestnet Portfolio Solutions Inc. Acquires Shares of 5,090 Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF)

Envestnet Portfolio Solutions Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,090 shares of the company’s stock, valued at approximately $368,000.

Several other hedge funds have also modified their holdings of RSPF. ORG Partners LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth $47,000. Promus Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth $147,000. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter worth $218,000. Sanctuary Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter worth $228,000. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 20.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,749 shares of the company’s stock valued at $344,000 after purchasing an additional 802 shares in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Trading Down 0.1 %

RSPF stock opened at $73.26 on Thursday. The company’s 50-day moving average price is $74.03 and its 200 day moving average price is $72.94. Invesco S&P 500 Equal Weight Financials ETF has a 52 week low of $59.36 and a 52 week high of $78.43. The company has a market cap of $311.36 million, a P/E ratio of 16.27 and a beta of 1.07.

Invesco S&P 500 Equal Weight Financials ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.3347 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Invesco S&P 500 Equal Weight Financials ETF’s previous dividend of $0.28.

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.