Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF) Trading Up 0.6%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF) rose 0.6% during mid-day trading on Thursday . The stock traded as high as $62.58 and last traded at $62.58. Approximately 9,021 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 43,626 shares. The stock had previously closed at $62.22.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

The firm has a market capitalization of $268.49 million, a PE ratio of 15.25 and a beta of 0.91. The business’s 50-day moving average price is $60.91 and its 200-day moving average price is $57.66.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Financials ETF

A number of large investors have recently bought and sold shares of RYF. Commonwealth Equity Services LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.2% in the third quarter. Commonwealth Equity Services LLC now owns 9,477 shares of the company’s stock valued at $480,000 after buying an additional 384 shares in the last quarter. MGO One Seven LLC grew its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 5.6% during the 3rd quarter. MGO One Seven LLC now owns 10,607 shares of the company’s stock worth $538,000 after purchasing an additional 560 shares during the period. Clearstead Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter valued at about $46,000. Milestone Advisory Partners lifted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 11.2% in the third quarter. Milestone Advisory Partners now owns 15,854 shares of the company’s stock valued at $804,000 after purchasing an additional 1,603 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Financials ETF by 35.0% during the third quarter. HighTower Advisors LLC now owns 21,745 shares of the company’s stock worth $1,102,000 after buying an additional 5,639 shares in the last quarter.

About Invesco S&P 500 Equal Weight Financials ETF

The Invesco S&P 500 Equal Weight Financials ETF (RYF) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Financials index. The fund tracks an equal-weighted index of financial stocks pulled from the S&P 500. RYF was launched on Nov 1, 2006 and is managed by Invesco.