Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Shares Sold by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC lowered its stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,364 shares of the company’s stock after selling 672 shares during the quarter. SignalPoint Asset Management LLC owned about 0.44% of Invesco S&P 500 Equal Weight Utilities ETF worth $1,273,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the third quarter worth about $41,000. Stifel Financial Corp lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 20.2% during the third quarter. Stifel Financial Corp now owns 22,734 shares of the company’s stock worth $1,562,000 after purchasing an additional 3,823 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 9.4% during the third quarter. HighTower Advisors LLC now owns 5,687 shares of the company’s stock worth $389,000 after purchasing an additional 487 shares in the last quarter. Planning Directions Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the third quarter worth about $205,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the third quarter worth about $41,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of RSPU opened at $66.14 on Thursday. The stock has a market capitalization of $291.02 million, a PE ratio of 17.76 and a beta of 0.69. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $51.02 and a 1 year high of $71.77. The company’s 50-day simple moving average is $67.55 and its 200-day simple moving average is $65.60.

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.