Baer Investment Advisory LLC Makes New Investment in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Baer Investment Advisory LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) during the first quarter, Holdings Channel.com reports. The fund bought 59,765 shares of the company’s stock, valued at approximately $4,848,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dakota Wealth Management increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 0.4% during the 4th quarter. Dakota Wealth Management now owns 32,593 shares of the company’s stock valued at $2,437,000 after buying an additional 136 shares in the last quarter. Advisory Alpha LLC boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 1.5% in the fourth quarter. Advisory Alpha LLC now owns 10,721 shares of the company’s stock worth $802,000 after acquiring an additional 159 shares in the last quarter. Stifel Financial Corp boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 0.6% in the fourth quarter. Stifel Financial Corp now owns 25,894 shares of the company’s stock worth $1,936,000 after acquiring an additional 159 shares in the last quarter. Joseph P. Lucia & Associates LLC grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.4% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 7,172 shares of the company’s stock worth $536,000 after acquiring an additional 167 shares during the last quarter. Finally, American Trust increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.4% during the third quarter. American Trust now owns 14,315 shares of the company’s stock valued at $1,097,000 after acquiring an additional 191 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

RSPU opened at $81.92 on Friday. The stock has a 50-day moving average price of $79.78 and a 200-day moving average price of $79.28. The firm has a market cap of $551.32 million, a PE ratio of 18.42 and a beta of 0.57. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $69.90 and a 1 year high of $84.52.

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.