Denver Wealth Management Inc. Has $7.12 Million Stock Position in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Denver Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 584.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,156 shares of the company’s stock after acquiring an additional 81,253 shares during the period. Invesco S&P 500 Equal Weight Utilities ETF comprises approximately 2.5% of Denver Wealth Management Inc.’s holdings, making the stock its 9th largest position. Denver Wealth Management Inc. owned about 1.45% of Invesco S&P 500 Equal Weight Utilities ETF worth $7,116,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 6.1% during the 4th quarter. Wells Fargo & Company MN now owns 51,391 shares of the company’s stock valued at $3,843,000 after buying an additional 2,936 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter worth $45,000. HRT Financial LP purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter worth $624,000. Janney Montgomery Scott LLC lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 35.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,044 shares of the company’s stock worth $302,000 after purchasing an additional 1,066 shares in the last quarter. Finally, RM Financial Services LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter worth about $3,080,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 1.0%

Invesco S&P 500 Equal Weight Utilities ETF stock opened at $79.43 on Friday. The company’s 50-day moving average price is $80.12 and its 200-day moving average price is $78.81. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $69.73 and a twelve month high of $84.52. The company has a market cap of $567.13 million, a PE ratio of 18.42 and a beta of 0.58.

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.