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

Studio Investment Management LLC raised its stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 7.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,933 shares of the company’s stock after acquiring an additional 7,379 shares during the period. Invesco S&P 500 Equal Weight Utilities ETF accounts for about 1.3% of Studio Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. Studio Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $7,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Redstone Wealth Management LLC raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.1% during the 3rd quarter. Redstone Wealth Management LLC now owns 57,951 shares of the company’s stock worth $4,062,000 after purchasing an additional 2,810 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.1% in the 2nd 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 boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 90.0% during the 2nd quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock valued at $103,000 after purchasing an additional 603 shares during the period. Ameritas Advisory Services LLC boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 730.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 5,240 shares of the company’s stock valued at $425,000 after purchasing an additional 4,609 shares during the period. Finally, Compass Financial Management LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 2nd quarter valued at approximately $157,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of NYSEARCA:RSPU opened at $76.16 on Friday. The stock has a market capitalization of $521.70 million, a price-to-earnings ratio of 18.42 and a beta of 0.55. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $69.29 and a 1-year high of $84.52. The company has a 50 day moving average price of $74.28 and a 200 day moving average price of $78.06.

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.