Orographic Financial Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) in the 1st quarter, HoldingsChannel reports. The fund bought 21,505 shares of the company’s stock, valued at approximately $1,744,000. Invesco S&P 500 Equal Weight Utilities ETF makes up 1.2% of Orographic Financial Advisors LLC’s portfolio, making the stock its 26th biggest holding.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 828,100.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,846 shares of the company’s stock valued at $1,905,000 after acquiring an additional 24,843 shares during the last quarter. World Investment Advisors purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at about $1,411,000. Harbour Investments Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 510.9% in the fourth quarter. Harbour Investments Inc. now owns 26,341 shares of the company’s stock worth $1,970,000 after purchasing an additional 22,029 shares in the last quarter. Denver Wealth Management Inc. increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 584.4% in the 4th quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock valued at $7,116,000 after buying an additional 81,253 shares during the period. Finally, Redstone Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth $2,629,000.
Invesco S&P 500 Equal Weight Utilities ETF Stock Performance
Shares of RSPU opened at $79.51 on Friday. The firm has a market cap of $543.05 million, a PE ratio of 18.42 and a beta of 0.57. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $72.51 and a twelve month high of $84.52. The firm’s 50 day moving average price is $80.27 and its 200 day moving average price is $80.15.
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.
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