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

Creative Planning has made adjustments to its investment in the Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by decreasing its holdings by 1.8% during the second quarter, as outlined in its latest 13F filing with the Securities and Exchange Commission (SEC). Following this reduction, the firm now possesses a total of 9,583 shares of RSPF, having sold 178 shares throughout the quarter. As the quarter concluded, Creative Planning held roughly 0.22% of the ETF, valued at approximately $587,000.

Additionally, it is not only Creative Planning that has reshaped its investment in this ETF. Several other institutional investors have also made significant changes to their positions recently. Mather Group LLC entered a new investment in Invesco S&P 500 Equal Weight Financials ETF during the second quarter, which was valued at $32,000. Scarborough Advisors LLC similarly acquired a new stake worth around $86,000 in the fourth quarter.

Furthermore, Commonwealth Equity Services LLC increased its position in RSPF by 8.7% during the first quarter. This firm enhanced its ownership by acquiring an additional 808 shares, resulting in a total of 10,149 shares valued at about $652,000. Cascade Wealth Advisors Inc also joined the ranks of investors by purchasing a new stake in RSPF valued around $741,000 in the first quarter. Lastly, Sunbelt Securities Inc has lifted its holdings in the ETF by 7.6%, now owning a total of 14,034 shares worth $902,000 after acquiring an additional 991 shares in the last quarter.

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

On the most recent trading day, shares of the Invesco S&P 500 Equal Weight Financials ETF opened at $70.63. The ETF has recorded a 50-day moving average of $67.34 and a 200-day moving average of $64.06. Investors should note that the ETF has a 52-week range with a low of $47.94 and a high of $70.86. The current market capitalization of the fund stands at $303 million, with a Price-to-Earnings (PE) ratio of 14.91 and a beta value of 0.84, indicating its volatility relative to the broader market.

About Invesco S&P 500 Equal Weight Financials ETF

The Invesco S&P 500 Equal Weight Financials ETF (RSPF) is an exchange-traded fund designed to mirror the S&P 500 Equal Weighted / Financials index. This fund tracks an index of financial stocks selected from the S&P 500 on an equal-weight basis. RSPF was launched on November 1, 2006, and is managed by Invesco, a reputable investment management firm.

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For updated information on RSPF and other investment holdings, investors can visit resources that track the latest 13F filings and insider trades of various funds.

Creative, Planning, Invesco