Kestra Advisory Services LLC Buys 6,205 Shares of Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Kestra Advisory Services LLC raised its stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 5.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 117,360 shares of the company’s stock after buying an additional 6,205 shares during the period. Kestra Advisory Services LLC’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $9,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSPU. Royal Bank of Canada grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 50.2% during the 1st quarter. Royal Bank of Canada now owns 8,084 shares of the company’s stock worth $563,000 after buying an additional 2,703 shares during the period. Jones Financial Companies Lllp raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 139.2% in the 1st quarter. Jones Financial Companies Lllp now owns 8,596 shares of the company’s stock valued at $615,000 after acquiring an additional 5,002 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at approximately $2,132,000. Baird Financial Group Inc. boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 102.1% during the 2nd quarter. Baird Financial Group Inc. now owns 33,697 shares of the company’s stock worth $2,397,000 after acquiring an additional 17,026 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the second quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after purchasing an additional 40,159 shares during the period.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of NYSEARCA:RSPU opened at $81.62 on Tuesday. Invesco S&P 500 Equal Weight Utilities ETF has a 52 week low of $70.98 and a 52 week high of $84.52. The company has a market capitalization of $552.57 million, a PE ratio of 18.42 and a beta of 0.57. The company has a 50 day moving average price of $79.77 and a two-hundred day moving average price of $79.58.

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.