Flaharty Asset Management LLC Buys New Position in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Flaharty Asset Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,399 shares of the company’s stock, valued at approximately $1,257,000. Flaharty Asset Management LLC owned approximately 0.25% of Invesco S&P 500 Equal Weight Utilities ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RSPU. Royal Bank of Canada increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 50.2% during the first quarter. Royal Bank of Canada now owns 8,084 shares of the company’s stock valued at $563,000 after acquiring an additional 2,703 shares during the period. Jones Financial Companies Lllp boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 139.2% during the 1st quarter. Jones Financial Companies Lllp now owns 8,596 shares of the company’s stock valued at $615,000 after purchasing an additional 5,002 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter valued at $2,132,000. Janney Montgomery Scott LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 2nd quarter valued at $220,000. Finally, Friedenthal Financial raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.1% in the 2nd quarter. Friedenthal Financial now owns 40,192 shares of the company’s stock worth $2,858,000 after buying an additional 832 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.1%

Shares of RSPU stock opened at $76.32 on Friday. The stock has a 50-day simple moving average of $75.61 and a 200 day simple moving average of $75.91. The stock has a market capitalization of $506.76 million, a P/E ratio of 18.42 and a beta of 0.61. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $62.64 and a fifty-two week high of $80.94.

Invesco S&P 500 Equal Weight Utilities ETF 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.