Arete Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 36,646 shares of the company’s stock, valued at approximately $2,968,000. Arete Wealth Advisors LLC owned approximately 0.51% of Invesco S&P 500 Equal Weight Utilities ETF as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of RSPU. Orographic Financial Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at approximately $1,744,000. Bank of America Corp DE boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock worth $34,628,000 after acquiring an additional 10,829 shares during the last quarter. Liberty One Investment Management LLC boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 6.9% during the 1st quarter. Liberty One Investment Management LLC now owns 29,104 shares of the company’s stock worth $2,361,000 after acquiring an additional 1,885 shares during the last quarter. Lido Advisors LLC boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 5.5% during the 1st quarter. Lido Advisors LLC now owns 5,374 shares of the company’s stock worth $436,000 after acquiring an additional 278 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.9% during the 1st quarter. Cetera Investment Advisers now owns 21,992 shares of the company’s stock worth $1,784,000 after acquiring an additional 2,157 shares in the last quarter.
Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.8%
Shares of RSPU opened at $78.89 on Friday. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $72.51 and a twelve month high of $84.52. The stock has a market capitalization of $538.82 million, a P/E ratio of 18.42 and a beta of 0.57. The company has a 50 day moving average of $80.24 and a 200-day moving average of $80.14.
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.
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