Studio Investment Management LLC Has $1.84 Million Stock Holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Studio Investment Management LLC lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 18.1% during the third quarter, HoldingsChannel reports. The fund owned 26,716 shares of the company’s stock after purchasing an additional 4,087 shares during the quarter. Studio Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $1,835,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RSPU. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the third quarter worth $41,000. Farther Finance Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the third quarter worth $41,000. International Assets Investment Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the second quarter worth $64,000. RFP Financial Group LLC increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 262.1% in the second quarter. RFP Financial Group LLC now owns 3,339 shares of the company’s stock worth $194,000 after acquiring an additional 2,417 shares during the last quarter. Finally, Planning Directions Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the third quarter worth $205,000.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Invesco S&P 500 Equal Weight Utilities ETF stock opened at $70.75 on Friday. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $51.02 and a one year high of $70.75. The company’s fifty day moving average price is $68.02 and its two-hundred day moving average price is $63.54. The company has a market capitalization of $311.28 million, a price-to-earnings 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.