Wealth Enhancement Advisory Services LLC Buys New Shares in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 98,614 shares of the company’s stock, valued at approximately $6,775,000.

A number of other hedge funds also recently made changes to their positions in RSPU. Advisory Alpha LLC raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.0% in the 1st quarter. Advisory Alpha LLC now owns 8,218 shares of the company’s stock valued at $465,000 after buying an additional 318 shares in the last quarter. RFP Financial Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at $52,000. Alethea Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at $645,000. Cetera Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at $577,000. Finally, Jackson Wealth Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 28.6% in the 1st quarter. Jackson Wealth Management LLC now owns 28,604 shares of the company’s stock valued at $1,619,000 after buying an additional 6,353 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of RSPU stock opened at $67.29 on Thursday. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $50.41 and a 52-week high of $69.87. The stock has a market cap of $296.08 million, a price-to-earnings ratio of 17.76 and a beta of 0.69. The firm has a fifty day moving average of $67.07 and a 200-day moving average of $62.33.

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.