Creative Planning Reduces Holdings in Invesco S&P 500 Equal Weight Financials ETF

Creative Planning has made a strategic decision to reduce its investment in the Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 1.8% during the second quarter of the year, according to its latest 13F filing submitted to the Securities and Exchange Commission (SEC). Following the sale of 178 shares, the firm now holds a total of 9,583 shares in this ETF, which represents approximately 0.22% of its portfolio, valued at around $587,000 as of the end of the reporting period.

In addition to Creative Planning, several other institutional investors have also adjusted their holdings in the Invesco S&P 500 Equal Weight Financials ETF. Mather Group LLC entered the market by purchasing a new stake valued at $32,000 during the second quarter. Scarborough Advisors LLC made a similar move, acquiring a new position worth about $86,000 in the fourth quarter. Commonwealth Equity Services LLC increased its stake by 8.7% in the first quarter, now holding 10,149 shares valued at $652,000 after buying an additional 808 shares. Meanwhile, Cascade Wealth Advisors Inc. also made a new investment in the first quarter, with a stake valued at approximately $741,000. Sunbelt Securities Inc. raised its holdings by 7.6% in the first quarter, bringing their total to 14,034 shares worth $902,000 after acquiring 991 additional shares.

Stock Performance of Invesco S&P 500 Equal Weight Financials ETF

As of Monday, the stock price of the Invesco S&P 500 Equal Weight Financials ETF opened at $70.63. This ETF has demonstrated significant price movements, with a 50-day moving average of $67.34 and a 200-day moving average of $64.06. Over the past year, the stock has experienced a fifty-two week low of $47.94 and a high of $70.86. The ETF has a market capitalization of $303 million, a price-to-earnings (PE) ratio of 14.91, and a beta of 0.84, indicating its volatility in the market compared to the overall market averages.

Profile of Invesco S&P 500 Equal Weight Financials ETF

The Invesco S&P 500 Equal Weight Financials ETF, commonly referred to as RSPF, is an exchange-traded fund that tracks the S&P 500 Equal Weighted / Financials index. Launched on November 1, 2006, this fund manages an equal-weighted portfolio of financial stocks selected from the S&P 500 index, providing investors with exposure to a diversified range of financial companies.

Further Insights

• Investment Strategies in the Financial Sector
• Evaluating the Performance of ETFs in Current Markets
• Understanding Equal Weight vs Market Cap Weighting in ETFs
• Market Trends Affecting Financial ETFs
• How to Choose the Right ETF for Your Portfolio
• The Impact of Institutional Investments on ETF Prices
• Monitoring ETF Holdings and Market Movements

To keep track of what other hedge funds are investing in RSPF, you may want to review the latest 13F filings and insider trades related to the Invesco S&P 500 Equal Weight Financials ETF.

investment, ETFs, financials