Denver Wealth Management Inc. Raises Stock Holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Denver Wealth Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,210 shares of the company’s stock after purchasing an additional 849 shares during the period. Denver Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $934,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Liberty One Investment Management LLC boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 0.5% during the fourth quarter. Liberty One Investment Management LLC now owns 39,593 shares of the company’s stock worth $2,602,000 after acquiring an additional 213 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 9.4% during the third quarter. HighTower Advisors LLC now owns 5,687 shares of the company’s stock valued at $389,000 after purchasing an additional 487 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the third quarter worth $41,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the 3rd quarter valued at about $41,000. Finally, Friedenthal Financial increased its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.7% during the third quarter. Friedenthal Financial now owns 40,104 shares of the company’s stock valued at $2,755,000 after acquiring an additional 679 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Shares of NYSEARCA:RSPU opened at $65.97 on Wednesday. The stock’s fifty day moving average price is $67.45 and its 200-day moving average price is $66.21. The company has a market cap of $290.27 million, a P/E ratio of 17.76 and a beta of 0.69. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $51.02 and a 1 year high of $71.77.

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.