Comerica Bank Lowers Stock Position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Comerica Bank trimmed its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 47.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,113 shares of the company’s stock after selling 1,000 shares during the period. Comerica Bank’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $73,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSPU. Anchor Investment Management LLC grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 26.9% in the 4th quarter. Anchor Investment Management LLC now owns 713 shares of the company’s stock worth $47,000 after acquiring an additional 151 shares during the period. Liberty One Investment Management LLC boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 0.5% during the 4th quarter. Liberty One Investment Management LLC now owns 39,593 shares of the company’s stock worth $2,602,000 after purchasing an additional 213 shares during the period. Larson Financial Group LLC boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 78.6% during the 4th quarter. Larson Financial Group LLC now owns 518 shares of the company’s stock worth $34,000 after purchasing an additional 228 shares during the period. Farther Finance Advisors LLC boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 42.0% during the 4th quarter. Farther Finance Advisors LLC now owns 852 shares of the company’s stock worth $56,000 after purchasing an additional 252 shares during the period. Finally, Jackson Wealth Management LLC increased its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.8% during the fourth quarter. Jackson Wealth Management LLC now owns 32,463 shares of the company’s stock worth $2,134,000 after acquiring an additional 568 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight Utilities ETF stock opened at $72.39 on Monday. The firm has a market cap of $460.40 million, a PE ratio of 18.85 and a beta of 0.60. The firm’s 50-day simple moving average is $68.89 and its 200-day simple moving average is $68.12. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $57.60 and a 1 year high of $72.39.

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.