NewEdge Advisors LLC reduced its stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 74.1% during the 1st quarter, Holdings Channel reports. The fund owned 23,890 shares of the company’s stock after selling 68,244 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $1,938,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE lifted its position 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 acquiring an additional 350,174 shares during the last quarter. Denver Wealth Management Inc. grew its position in shares of 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 valued at $7,116,000 after purchasing an additional 81,253 shares during the last quarter. Baer Investment Advisory LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter valued at approximately $4,848,000. RM Financial Services LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth approximately $3,080,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the first quarter worth approximately $2,968,000.
Invesco S&P 500 Equal Weight Utilities ETF Trading Up 0.8%
NYSEARCA:RSPU opened at $78.70 on Friday. The stock has a 50 day simple moving average of $80.02 and a 200 day simple moving average of $80.28. The stock has a market cap of $537.52 million, a P/E ratio of 18.42 and a beta of 0.58. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $72.51 and a 1-year 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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