Cetera Investment Advisers Sells 2,473 Shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Cetera Investment Advisers lessened its position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,255 shares of the company’s stock after selling 2,473 shares during the quarter. Cetera Investment Advisers owned about 0.48% of Invesco S&P 500 Equal Weight Utilities ETF worth $1,234,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 156.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 231,032 shares of the company’s stock worth $13,407,000 after buying an additional 140,931 shares during the period. Advisory Alpha LLC grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.0% during the first quarter. Advisory Alpha LLC now owns 8,218 shares of the company’s stock worth $465,000 after purchasing an additional 318 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter valued at approximately $64,000. Signature Estate & Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the second quarter worth $605,000. Finally, Jackson Wealth Management LLC grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 28.6% in the first quarter. Jackson Wealth Management LLC now owns 28,604 shares of the company’s stock valued at $1,619,000 after acquiring an additional 6,353 shares during the period.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 1.9 %

Shares of NYSEARCA:RSPU opened at $69.57 on Thursday. The firm has a market cap of $306.11 million, a price-to-earnings ratio of 17.76 and a beta of 0.69. The company’s fifty day simple moving average is $66.01 and its 200 day simple moving average is $61.45. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $49.25 and a 12 month high of $69.63.

About Invesco S&P 500 Equal Weight Utilities ETF

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.