ProVise Management Group LLC Reduces Stake in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF)

ProVise Management Group LLC trimmed its stake in shares of Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,801 shares of the company’s stock after selling 5,244 shares during the quarter. ProVise Management Group LLC owned 0.80% of Invesco S&P 500 Equal Weight Financials ETF worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RYF. Intercontinental Wealth Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth approximately $27,000. Financial Gravity Companies Inc. acquired a new position in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth $125,000. Garrison Financial Corp boosted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 16.3% during the 4th quarter. Garrison Financial Corp now owns 5,516 shares of the company’s stock worth $201,000 after buying an additional 773 shares during the last quarter. Weatherstone Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth about $3,822,000. Finally, Econ Financial Services Corp acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth about $425,000.

Shares of RYF stock traded up $0.49 on Friday, reaching $43.35. The stock had a trading volume of 17,838 shares, compared to its average volume of 41,933. Invesco S&P 500 Equal Weight Financials ETF has a 12 month low of $33.71 and a 12 month high of $45.25. The stock’s 50-day moving average price is $42.54.

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Institutional Ownership by Quarter for Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF)

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