Private Advisor Group LLC Decreases Position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Private Advisor Group LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 41.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,856 shares of the company’s stock after selling 12,832 shares during the period. Private Advisor Group LLC’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter worth $26,000. First Horizon Advisors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at about $28,000. Signaturefd LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth about $32,000. Salomon & Ludwin LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth about $32,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter worth about $34,000.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

RSPU opened at $59.96 on Friday. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $47.27 and a one year high of $61.85. The business has a 50 day simple moving average of $59.57 and a two-hundred day simple moving average of $56.24. The firm has a market capitalization of $263.83 million, a price-to-earnings ratio of 17.76 and a beta of 0.69.

Invesco S&P 500 Equal Weight Utilities ETF Company 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.