Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF) Trading Up 0.5%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF) shares shot up 0.5% during mid-day trading on Thursday . The stock traded as high as $60.00 and last traded at $59.93. 7,369 shares traded hands during trading, a decline of 83% from the average session volume of 43,626 shares. The stock had previously closed at $59.64.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

The stock has a market capitalization of $257.70 million, a P/E ratio of 15.04 and a beta of 0.96. The firm has a 50 day moving average of $60.59 and a 200-day moving average of $56.68.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Financials ETF

A number of institutional investors have recently added to or reduced their stakes in RYF. Private Advisor Group LLC boosted its holdings in Invesco S&P 500 Equal Weight Financials ETF by 121.9% during the first quarter. Private Advisor Group LLC now owns 9,844 shares of the company’s stock valued at $627,000 after purchasing an additional 5,407 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 1st quarter worth approximately $296,000. Blair William & Co. IL acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 1st quarter worth approximately $169,000. Baird Financial Group Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.6% in the 1st quarter. Baird Financial Group Inc. now owns 6,486 shares of the company’s stock worth $413,000 after acquiring an additional 286 shares in the last quarter. Finally, Equitable Holdings Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 14.6% in the 1st quarter. Equitable Holdings Inc. now owns 5,043 shares of the company’s stock worth $321,000 after acquiring an additional 644 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.