Redstone Wealth Management LLC Invests $2.63 Million in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Redstone Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 35,157 shares of the company’s stock, valued at approximately $2,629,000. Invesco S&P 500 Equal Weight Utilities ETF makes up 2.1% of Redstone Wealth Management LLC’s portfolio, making the stock its 13th largest position.

Several other institutional investors also recently modified their holdings of the business. Advisory Alpha LLC grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.5% during the 4th quarter. Advisory Alpha LLC now owns 10,721 shares of the company’s stock worth $802,000 after buying an additional 159 shares during the period. Flaharty Asset Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 7.5% during the 4th quarter. Flaharty Asset Management LLC now owns 17,625 shares of the company’s stock worth $1,318,000 after buying an additional 1,226 shares during the period. World Investment Advisors acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter worth approximately $1,411,000. Bogart Wealth LLC grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.8% during the 4th quarter. Bogart Wealth LLC now owns 60,190 shares of the company’s stock worth $4,501,000 after buying an additional 22,036 shares during the period. Finally, UBS Group AG grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 8.6% during the 4th quarter. UBS Group AG now owns 47,714 shares of the company’s stock worth $3,568,000 after buying an additional 3,773 shares during the period.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Shares of NYSEARCA:RSPU opened at $80.38 on Monday. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $69.73 and a one year high of $84.52. The company has a 50 day moving average of $80.82 and a 200-day moving average of $78.70. The stock has a market cap of $573.91 million, a price-to-earnings ratio of 18.42 and a beta of 0.60.

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.