RM Financial Services LLC Invests $3.08 Million in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

RM Financial Services LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) during the fourth quarter, Holdings Channel.com reports. The fund purchased 41,193 shares of the company’s stock, valued at approximately $3,080,000. Invesco S&P 500 Equal Weight Utilities ETF accounts for 2.7% of RM Financial Services LLC’s holdings, making the stock its 10th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dakota Wealth Management raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.4% during the 4th quarter. Dakota Wealth Management now owns 32,593 shares of the company’s stock worth $2,437,000 after purchasing an additional 136 shares during the period. Advisory Alpha LLC raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.5% during the 4th quarter. Advisory Alpha LLC now owns 10,721 shares of the company’s stock worth $802,000 after purchasing an additional 159 shares during the period. Joseph P. Lucia & Associates LLC raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.4% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 7,172 shares of the company’s stock worth $536,000 after purchasing an additional 167 shares during the period. American Trust raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.4% during the 3rd quarter. American Trust now owns 14,315 shares of the company’s stock worth $1,097,000 after purchasing an additional 191 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 1.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 18,200 shares of the company’s stock worth $1,294,000 after buying an additional 204 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

RSPU opened at $78.61 on Thursday. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $69.73 and a 12 month high of $84.52. The stock has a market cap of $561.28 million, a P/E ratio of 18.42 and a beta of 0.58. The stock’s 50 day moving average price is $80.21 and its 200 day moving average price is $78.80.

Invesco S&P 500 Equal Weight Utilities ETF Profile

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.