Salomon & Ludwin LLC Purchases New Shares in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Salomon & Ludwin LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 638 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter valued at $26,000. First Horizon Advisors Inc. acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth about $28,000. Signaturefd LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter valued at approximately $32,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at approximately $34,000. Finally, Creative Financial Designs Inc. ADV bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter valued at approximately $34,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of NYSEARCA:RSPU traded up $0.70 during mid-day trading on Thursday, reaching $60.47. 68,374 shares of the company’s stock were exchanged, compared to its average volume of 38,162. The business’s fifty day moving average price is $55.90 and its 200-day moving average price is $54.20. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $47.27 and a twelve month high of $60.53. The firm has a market capitalization of $266.07 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.