Jackson Wealth Management LLC decreased its holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 91.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,956 shares of the company’s stock after selling 30,735 shares during the quarter. Jackson Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $240,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 50.2% in the first quarter. Royal Bank of Canada now owns 8,084 shares of the company’s stock worth $563,000 after purchasing an additional 2,703 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 139.2% during the first quarter. Jones Financial Companies Lllp now owns 8,596 shares of the company’s stock valued at $615,000 after buying an additional 5,002 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the first quarter worth $2,132,000. Baird Financial Group Inc. grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 102.1% during the second quarter. Baird Financial Group Inc. now owns 33,697 shares of the company’s stock worth $2,397,000 after buying an additional 17,026 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% in the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after buying an additional 40,159 shares during the last quarter.
Invesco S&P 500 Equal Weight Utilities ETF Trading Down 1.6%
Shares of NYSEARCA:RSPU opened at $74.78 on Tuesday. The stock’s fifty day simple moving average is $79.55 and its two-hundred day simple moving average is $80.34. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $72.51 and a 1-year high of $84.52. The stock has a market cap of $510.75 million, a PE ratio of 18.42 and a beta of 0.58.
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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