Victory Financial Group LLC Acquires Shares of 14,858 Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Victory Financial Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,858 shares of the company’s stock, valued at approximately $1,111,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 562.9% in the 2nd quarter. Bank of America Corp DE now owns 412,381 shares of the company’s stock worth $29,329,000 after acquiring an additional 350,174 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the second quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock worth $7,827,000 after acquiring an additional 40,159 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth about $2,132,000. JPMorgan Chase & Co. grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 828,100.0% in the third quarter. JPMorgan Chase & Co. now owns 24,846 shares of the company’s stock worth $1,905,000 after purchasing an additional 24,843 shares during the period. Finally, Raymond James Financial Inc. increased its stake 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 valued at $9,880,000 after purchasing an additional 20,276 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of NYSEARCA RSPU opened at $81.11 on Wednesday. The company has a 50 day simple moving average of $80.23 and a two-hundred day simple moving average of $77.85. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $62.64 and a fifty-two week high of $84.52. The company has a market capitalization of $533.70 million, a price-to-earnings ratio of 18.42 and a beta of 0.61.

Invesco S&P 500 Equal Weight Utilities ETF 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.