Cetera Investment Advisers Reduces Stock Holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Cetera Investment Advisers cut its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 10.4% in the second quarter, HoldingsChannel.com reports. The firm owned 21,255 shares of the company’s stock after selling 2,473 shares during the quarter. Cetera Investment Advisers’ holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $1,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RSPU. Advisory Alpha LLC increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 4.0% in the first quarter. Advisory Alpha LLC now owns 8,218 shares of the company’s stock valued at $465,000 after purchasing an additional 318 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 17,823 shares of the company’s stock valued at $1,034,000 after buying an additional 420 shares in the last quarter. RFP Financial Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at about $52,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth approximately $64,000. Finally, Studio Investment Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 7.8% during the 2nd quarter. Studio Investment Management LLC now owns 22,629 shares of the company’s stock worth $1,313,000 after buying an additional 1,634 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 1.9 %

Shares of NYSEARCA:RSPU opened at $69.57 on Thursday. The company has a market capitalization of $306.11 million, a P/E ratio of 17.76 and a beta of 0.69. The stock’s fifty day simple moving average is $66.01 and its 200-day simple moving average is $61.45. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $49.25 and a 52-week high of $69.63.

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.