Redstone Wealth Management LLC Purchases New Position in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Redstone Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 35,157 shares of the company’s stock, valued at approximately $2,629,000. Invesco S&P 500 Equal Weight Utilities ETF makes up approximately 2.1% of Redstone Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Redstone Wealth Management LLC owned about 0.53% of Invesco S&P 500 Equal Weight Utilities ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advisory Alpha LLC increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 1.5% in the 4th quarter. Advisory Alpha LLC now owns 10,721 shares of the company’s stock valued at $802,000 after acquiring an additional 159 shares in the last quarter. Flaharty Asset Management LLC increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 7.5% in the 4th quarter. Flaharty Asset Management LLC now owns 17,625 shares of the company’s stock valued at $1,318,000 after acquiring an additional 1,226 shares in the last quarter. World Investment Advisors acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter valued at about $1,411,000. Bogart Wealth LLC increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 57.8% in the 4th quarter. Bogart Wealth LLC now owns 60,190 shares of the company’s stock valued at $4,501,000 after acquiring an additional 22,036 shares in the last quarter. Finally, UBS Group AG increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 8.6% in the 4th quarter. UBS Group AG now owns 47,714 shares of the company’s stock valued at $3,568,000 after acquiring an additional 3,773 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

RSPU opened at $80.38 on Monday. The stock has a market capitalization of $573.91 million, a PE ratio of 18.42 and a beta of 0.60. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $69.73 and a 1-year high of $84.52. The firm has a 50-day moving average price of $80.82 and a two-hundred day moving average price of $78.70.

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.