LPL Financial LLC Has $9.28 Million Stock Holdings in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF)

LPL Financial LLC lifted its position in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 12.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 128,258 shares of the company’s stock after acquiring an additional 14,602 shares during the period. LPL Financial LLC’s holdings in Invesco S&P 500 Equal Weight Financials ETF were worth $9,282,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at about $1,362,000. Truist Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth approximately $591,000. Envestnet Portfolio Solutions Inc. bought a new position in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth $368,000. Jones Financial Companies Lllp lifted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 221.9% during the 4th quarter. Jones Financial Companies Lllp now owns 6,849 shares of the company’s stock valued at $496,000 after acquiring an additional 4,721 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter worth $228,000.

Invesco S&P 500 Equal Weight Financials ETF Stock Down 6.8 %

RSPF stock opened at $64.36 on Friday. 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 business has a 50-day simple moving average of $73.50 and a 200 day simple moving average of $73.07. The company has a market cap of $275.46 million, a PE ratio of 14.46 and a beta of 0.96.

Invesco S&P 500 Equal Weight Financials ETF Increases Dividend

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

Invesco S&P 500 Equal Weight Financials ETF 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.