Friedenthal Financial Has $2.29 Million Stock Position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Friedenthal Financial lessened its holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,425 shares of the company’s stock after selling 1,119 shares during the period. Invesco S&P 500 Equal Weight Utilities ETF comprises 1.4% of Friedenthal Financial’s investment portfolio, making the stock its 17th biggest holding. Friedenthal Financial owned 0.90% of Invesco S&P 500 Equal Weight Utilities ETF worth $2,288,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at about $26,000. First Horizon Advisors Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at approximately $28,000. Signaturefd LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at approximately $32,000. Salomon & Ludwin LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at approximately $32,000. Finally, RFP Financial Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth $52,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.7 %

RSPU traded up $0.45 during trading on Tuesday, reaching $63.14. 20,972 shares of the company were exchanged, compared to its average volume of 33,826. Invesco S&P 500 Equal Weight Utilities ETF has a 12-month low of $47.27 and a 12-month high of $64.33. The company’s 50-day moving average is $59.88 and its two-hundred day moving average is $57.38. The company has a market cap of $277.82 million, a price-to-earnings ratio of 17.76 and a beta of 0.69.

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.