Orographic Financial Advisors LLC Takes $1.74 Million Position in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Orographic Financial Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,505 shares of the company’s stock, valued at approximately $1,744,000. Invesco S&P 500 Equal Weight Utilities ETF makes up 1.2% of Orographic Financial Advisors LLC’s portfolio, making the stock its 26th biggest holding. Orographic Financial Advisors LLC owned about 0.30% of Invesco S&P 500 Equal Weight Utilities ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RSPU. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 562.9% in the 2nd quarter. Bank of America Corp DE now owns 412,381 shares of the company’s stock worth $29,329,000 after purchasing an additional 350,174 shares during the last quarter. Denver Wealth Management Inc. grew its position 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 worth $7,116,000 after buying an additional 81,253 shares during the last quarter. Baer Investment Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter valued at $4,848,000. RM Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at $3,080,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock worth $7,827,000 after acquiring an additional 40,159 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.4%

Shares of NYSEARCA RSPU opened at $79.51 on Friday. The stock’s fifty day simple moving average is $80.27 and its 200 day simple moving average is $80.15. The stock has a market capitalization of $543.05 million, a price-to-earnings ratio of 18.42 and a beta of 0.57. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $72.51 and a 52-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.