Freedom Investment Management Inc. Reduces Stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Freedom Investment Management Inc. cut its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,302 shares of the company’s stock after selling 238 shares during the period. Freedom Investment Management Inc. owned 0.08% of Invesco S&P 500 Equal Weight Utilities ETF worth $227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RSPU. Moisand Fitzgerald Tamayo LLC purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 3rd quarter valued at $41,000. Farther Finance Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the third quarter valued at about $41,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the second quarter worth about $64,000. RFP Financial Group LLC raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 262.1% in the second quarter. RFP Financial Group LLC now owns 3,339 shares of the company’s stock worth $194,000 after buying an additional 2,417 shares in the last quarter. Finally, Planning Directions Inc. purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the third quarter worth about $205,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

RSPU stock opened at $71.48 on Monday. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $51.02 and a fifty-two week high of $71.77. The company has a market capitalization of $314.51 million, a price-to-earnings ratio of 17.76 and a beta of 0.69. The business’s 50 day moving average price is $68.50 and its two-hundred day moving average price is $64.05.

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.