First Horizon Advisors Inc. Purchases Shares of 510 Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

First Horizon Advisors Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 510 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds also recently modified their holdings of the stock. Flaharty Asset Management LLC bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth about $1,422,000. Truist Financial Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter valued at approximately $288,000. Atria Wealth Solutions Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at $8,124,000. Signaturefd LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at $32,000. Finally, Tradewinds Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth $87,000.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Shares of RSPU stock opened at $59.77 on Thursday. The company has a fifty day moving average price of $55.90 and a two-hundred day moving average price of $54.20. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $47.27 and a one year high of $59.81. The stock has a market cap of $262.99 million, a P/E ratio of 17.76 and a beta of 0.69.

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.