NewEdge Advisors LLC cut its position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 74.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,890 shares of the company’s stock after selling 68,244 shares during the period. NewEdge Advisors LLC owned 0.33% of Invesco S&P 500 Equal Weight Utilities ETF worth $1,938,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors bought a new position in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth about $1,411,000. Harbour Investments Inc. raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 510.9% in the fourth quarter. Harbour Investments Inc. now owns 26,341 shares of the company’s stock valued at $1,970,000 after buying an additional 22,029 shares during the period. Denver Wealth Management Inc. raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 584.4% in the fourth quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock valued at $7,116,000 after buying an additional 81,253 shares during the period. Redstone Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at approximately $2,629,000. Finally, Baer Investment Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter valued at approximately $4,848,000.
Invesco S&P 500 Equal Weight Utilities ETF Trading Up 0.8%
Shares of NYSEARCA RSPU opened at $78.70 on Friday. The company has a market capitalization of $537.52 million, a P/E ratio of 18.42 and a beta of 0.58. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $72.51 and a 12 month high of $84.52. The stock has a 50 day moving average of $80.02 and a 200-day moving average of $80.28.
About Invesco S&P 500 Equal Weight Utilities ETF
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.
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