Uniting Wealth Partners LLC Invests $8.84 Million in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Uniting Wealth Partners LLC bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 134,495 shares of the company’s stock, valued at approximately $8,840,000. Invesco S&P 500 Equal Weight Utilities ETF makes up approximately 4.3% of Uniting Wealth Partners LLC’s holdings, making the stock its 2nd biggest position.

A number of other large investors have also made changes to their positions in the stock. HighTower Advisors LLC grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 9.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,687 shares of the company’s stock worth $389,000 after acquiring an additional 487 shares during the period. Stifel Financial Corp grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 20.2% in the 3rd quarter. Stifel Financial Corp now owns 22,734 shares of the company’s stock valued at $1,562,000 after buying an additional 3,823 shares during the period. Liberty One Investment Management LLC increased its stake in shares of 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 valued at $2,602,000 after acquiring an additional 213 shares during the last quarter. Advisory Alpha LLC boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 7.9% in the fourth quarter. Advisory Alpha LLC now owns 9,470 shares of the company’s stock worth $622,000 after acquiring an additional 691 shares during the last quarter. Finally, MFA Wealth Services acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth approximately $1,408,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.5 %

Shares of RSPU opened at $70.32 on Thursday. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $53.78 and a fifty-two week high of $71.77. The company’s fifty day moving average is $68.39 and its two-hundred day moving average is $67.96. The firm has a market cap of $391.68 million, a PE ratio of 19.64 and a beta of 0.63.

Invesco S&P 500 Equal Weight Utilities ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.4636 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.