Nova Wealth Management Inc. increased its holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,650 shares of the company’s stock after buying an additional 262 shares during the quarter. Nova Wealth Management Inc. owned 0.07% of Invesco S&P 500 Equal Weight Utilities ETF worth $331,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth approximately $104,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 18.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the company’s stock worth $123,000 after purchasing an additional 280 shares during the period. Integrity Alliance LLC. purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the first quarter valued at $221,000. CX Institutional purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth about $223,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth about $346,000.
Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.4%
RSPU stock opened at $75.10 on Friday. The business’s 50-day moving average price is $74.06 and its 200-day moving average price is $71.16. The stock has a market cap of $454.36 million, a P/E ratio of 18.42 and a beta of 0.60. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $62.64 and a twelve month high of $76.86.
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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