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

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF) rose 0.6% on Thursday . The company traded as high as $62.58 and last traded at $62.58. Approximately 9,021 shares were traded 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 Trading Up 0.6 %

The stock has a market capitalization of $268.49 million, a price-to-earnings ratio of 15.25 and a beta of 0.91. The stock’s 50 day moving average is $60.91 and its two-hundred day moving average is $57.66.

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

A number of large investors have recently modified their holdings of RYF. Lido Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 77.5% during the 3rd quarter. Lido Advisors LLC now owns 43,925 shares of the company’s stock worth $2,227,000 after buying an additional 19,178 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 35.0% during the 3rd 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 during the last quarter. Milestone Advisory Partners boosted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 11.2% during the 3rd quarter. Milestone Advisory Partners now owns 15,854 shares of the company’s stock worth $804,000 after buying an additional 1,603 shares during the last quarter. Clearstead Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter valued at about $46,000. Finally, MGO One Seven LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 5.6% in the 3rd quarter. MGO One Seven LLC now owns 10,607 shares of the company’s stock valued at $538,000 after purchasing an additional 560 shares during the period.

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.