Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 9.7% in the second quarter, Holdings Channel reports. The fund owned 25,127 shares of the company’s stock after acquiring an additional 2,217 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $1,787,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of RSPU. Kestra Advisory Services LLC lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 12.1% in the first quarter. Kestra Advisory Services LLC now owns 86,298 shares of the company’s stock valued at $6,011,000 after purchasing an additional 9,323 shares during the last quarter. Studio Investment Management LLC increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 25.0% in the second quarter. Studio Investment Management LLC now owns 85,422 shares of the company’s stock worth $6,075,000 after buying an additional 17,093 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.9% in the first quarter. NewEdge Advisors LLC now owns 69,896 shares of the company’s stock valued at $4,868,000 after buying an additional 20,289 shares during the period. Friedenthal Financial raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.1% in the second quarter. Friedenthal Financial now owns 40,192 shares of the company’s stock valued at $2,858,000 after buying an additional 832 shares during the period. Finally, Bogart Wealth LLC lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 15,253.8% during the 2nd quarter. Bogart Wealth LLC now owns 36,849 shares of the company’s stock valued at $2,621,000 after buying an additional 36,609 shares during the last quarter.
Invesco S&P 500 Equal Weight Utilities ETF Stock Performance
RSPU stock opened at $77.93 on Wednesday. The stock has a fifty day moving average of $77.29 and a 200-day moving average of $74.20. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $62.64 and a fifty-two week high of $80.94. The company has a market capitalization of $516.68 million, a price-to-earnings ratio of 18.42 and a beta of 0.61.
Invesco S&P 500 Equal Weight Utilities ETF 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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