Invesco S&P 500 Equal Weight Utilities ETF $RSPU Stock: Studio Investment Management LLC Boosts Holdings

Studio Investment Management LLC boosted its position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,933 shares of the company’s stock after buying an additional 7,379 shares during the quarter. Invesco S&P 500 Equal Weight Utilities ETF makes up about 1.3% of Studio Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. Studio Investment Management LLC owned approximately 1.56% of Invesco S&P 500 Equal Weight Utilities ETF worth $7,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Redstone Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.1% in the 3rd quarter. Redstone Wealth Management LLC now owns 57,951 shares of the company’s stock valued at $4,062,000 after acquiring an additional 2,810 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 10.1% during the second quarter. Envestnet Asset Management Inc. now owns 31,345 shares of the company’s stock worth $2,543,000 after purchasing an additional 2,871 shares during the last quarter. Allworth Financial LP lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 90.0% during the second quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock worth $103,000 after purchasing an additional 603 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 730.4% during the second quarter. Ameritas Advisory Services LLC now owns 5,240 shares of the company’s stock worth $425,000 after purchasing an additional 4,609 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF in the second quarter worth $157,000.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Invesco S&P 500 Equal Weight Utilities ETF stock opened at $76.16 on Friday. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $69.29 and a 12 month high of $84.52. The company has a fifty day moving average price of $74.28 and a two-hundred day moving average price of $78.06. The company has a market cap of $521.70 million, a PE ratio of 18.42 and a beta of 0.55.

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.