Studio Investment Management LLC Raises Holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Studio Investment Management LLC raised its stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 18.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,716 shares of the company’s stock after buying an additional 4,087 shares during the quarter. Studio Investment Management LLC owned approximately 0.61% of Invesco S&P 500 Equal Weight Utilities ETF worth $1,835,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RSPU. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 156.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 231,032 shares of the company’s stock worth $13,407,000 after purchasing an additional 140,931 shares during the period. Atria Wealth Solutions Inc. raised its position in Invesco S&P 500 Equal Weight Utilities ETF by 17.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 185,377 shares of the company’s stock valued at $10,758,000 after purchasing an additional 27,108 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 3rd quarter valued at about $6,775,000. Friedenthal Financial increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.7% in the 3rd quarter. Friedenthal Financial now owns 40,104 shares of the company’s stock valued at $2,755,000 after acquiring an additional 679 shares during the last quarter. Finally, Jackson Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 98.0% in the 3rd quarter. Jackson Wealth Management LLC now owns 31,895 shares of the company’s stock valued at $2,191,000 after acquiring an additional 15,787 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 1.9 %

NYSEARCA:RSPU opened at $70.75 on Friday. The stock’s 50 day moving average price is $68.02 and its 200 day moving average price is $63.54. The company has a market capitalization of $311.28 million, a PE ratio of 17.76 and a beta of 0.69. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $51.02 and a 52-week high of $70.75.

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.