Baer Investment Advisory LLC Invests $4.85 Million in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Baer Investment Advisory LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 59,765 shares of the company’s stock, valued at approximately $4,848,000. Baer Investment Advisory LLC owned 0.84% of Invesco S&P 500 Equal Weight Utilities ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 4.3% in the 4th quarter. LPL Financial LLC now owns 586,864 shares of the company’s stock worth $43,886,000 after acquiring an additional 24,285 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.3% during the third quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock valued at $34,884,000 after acquiring an additional 42,665 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 18.7% during the third quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock worth $9,880,000 after purchasing an additional 20,276 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.3% during the fourth quarter. Kestra Advisory Services LLC now owns 111,155 shares of the company’s stock worth $8,312,000 after purchasing an additional 326 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% in the second quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock worth $7,827,000 after purchasing an additional 40,159 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

NYSEARCA RSPU opened at $81.92 on Friday. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $69.90 and a 1 year high of $84.52. The stock has a market capitalization of $551.32 million, a PE ratio of 18.42 and a beta of 0.57. The business’s 50-day moving average is $79.78 and its 200 day moving average is $79.28.

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.