NewEdge Advisors LLC reduced its position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 74.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,890 shares of the company’s stock after selling 68,244 shares during the quarter. NewEdge Advisors LLC owned approximately 0.33% of Invesco S&P 500 Equal Weight Utilities ETF worth $1,938,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of RSPU. Bank of America Corp DE raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 562.9% during the second quarter. Bank of America Corp DE now owns 412,381 shares of the company’s stock worth $29,329,000 after buying an additional 350,174 shares during the last quarter. Denver Wealth Management Inc. boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 584.4% during the fourth quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock valued at $7,116,000 after acquiring an additional 81,253 shares during the last quarter. Baer Investment Advisory LLC bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the first quarter valued at $4,848,000. RM Financial Services LLC bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at $3,080,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter worth about $2,968,000.
Invesco S&P 500 Equal Weight Utilities ETF Trading Down 0.8%
RSPU stock opened at $78.89 on Friday. The stock has a 50-day moving average price of $80.24 and a 200-day moving average price of $80.14. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $72.51 and a 1-year high of $84.52. The firm has a market cap of $538.82 million, a PE ratio of 18.42 and a beta of 0.57.
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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