Jackson Wealth Management LLC lessened its holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 91.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,956 shares of the company’s stock after selling 30,735 shares during the quarter. Jackson Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Main Street Group LTD bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the first quarter worth $30,000. Arax Advisory Partners purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at $38,000. Hollencrest Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter worth $45,000. Anchor Investment Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.1% during the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock worth $53,000 after purchasing an additional 202 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter worth about $88,000.
Invesco S&P 500 Equal Weight Utilities ETF Stock Performance
RSPU opened at $74.78 on Tuesday. The firm has a market cap of $510.75 million, a P/E ratio of 18.42 and a beta of 0.58. The firm has a 50-day moving average of $79.55 and a 200 day moving average of $80.34. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $72.51 and a fifty-two week high of $84.52.
Invesco S&P 500 Equal Weight Utilities ETF Company 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.
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Want to see what other hedge funds are holding RSPU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report).
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