Ballast Inc. Buys Shares of 7,005 Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Ballast Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,005 shares of the company’s stock, valued at approximately $498,000. Ballast Inc. owned approximately 0.12% of Invesco S&P 500 Equal Weight Utilities ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RSPU. Wealth Enhancement Advisory Services LLC raised its position in Invesco S&P 500 Equal Weight Utilities ETF by 1.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,957 shares of the company’s stock valued at $7,241,000 after purchasing an additional 1,837 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter valued at $346,000. WealthCare Investment Partners LLC raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.5% in the 1st quarter. WealthCare Investment Partners LLC now owns 45,653 shares of the company’s stock worth $3,060,000 after acquiring an additional 675 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 84,270 shares of the company’s stock worth $5,869,000 after acquiring an additional 494 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 22,910 shares of the company’s stock worth $1,596,000 after acquiring an additional 307 shares in the last quarter.

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

RSPU opened at $79.38 on Friday. The firm has a market cap of $514.38 million, a price-to-earnings ratio of 18.42 and a beta of 0.60. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $62.64 and a 12 month high of $80.94. The stock has a fifty day moving average price of $75.72 and a 200-day moving average price of $72.56.

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.