Comerica Bank trimmed its position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Free Report) by 85.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,799 shares of the company’s stock after selling 10,965 shares during the period. Comerica Bank’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $102,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alethea Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth $645,000. RFP Financial Group LLC purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter valued at about $52,000. Advisory Alpha LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.0% in the 1st 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 period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 90,101 shares of the company’s stock worth $5,099,000 after purchasing an additional 1,826 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth approximately $232,000.
Invesco S&P 500 Equal Weight Utilities ETF Stock Performance
Shares of RSPU opened at $63.43 on Monday. Invesco S&P 500 Equal Weight Utilities ETF has a 52 week low of $47.27 and a 52 week high of $64.33. The company has a market capitalization of $279.09 million, a PE ratio of 17.76 and a beta of 0.69. The company’s 50 day moving average price is $60.14 and its 200 day moving average price is $57.67.
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.
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