Principal Securities Inc. increased its stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 257.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 993 shares of the company’s stock after acquiring an additional 715 shares during the period. Principal Securities Inc.’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $65,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 3rd quarter worth about $41,000. Planning Directions Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 3rd quarter valued at approximately $205,000. Financial Advocates Investment Management acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 3rd quarter worth $237,000. HighTower Advisors LLC increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 9.4% during the 3rd quarter. HighTower Advisors LLC now owns 5,687 shares of the company’s stock worth $389,000 after purchasing an additional 487 shares during the period. Finally, WESPAC Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 25.7% during the 3rd quarter. WESPAC Advisors LLC now owns 6,826 shares of the company’s stock worth $469,000 after purchasing an additional 1,397 shares during the period.
Invesco S&P 500 Equal Weight Utilities ETF Price Performance
Shares of NYSEARCA:RSPU opened at $68.37 on Friday. The firm has a market capitalization of $300.83 million, a price-to-earnings ratio of 17.76 and a beta of 0.69. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $52.62 and a 12 month high of $71.77. The business’s 50 day simple moving average is $67.11 and its 200-day simple moving average is $67.21.
About Invesco S&P 500 Equal Weight Utilities ETF
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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