Flaharty Asset Management LLC Sells 14,229 Shares of Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Flaharty Asset Management LLC cut its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 77.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,079 shares of the company’s stock after selling 14,229 shares during the period. Flaharty Asset Management LLC owned about 0.06% of Invesco S&P 500 Equal Weight Utilities ETF worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSPU. LPL Financial LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.3% in the fourth 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 period. Bank of America Corp DE increased its position in 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. lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 18.7% in the third quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock valued at $9,880,000 after acquiring an additional 20,276 shares during the period. Kestra Advisory Services LLC lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 5.6% in the first quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after acquiring an additional 6,205 shares during the period. Finally, NewEdge Advisors LLC boosted its position in 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 Stock Performance

Shares of NYSEARCA:RSPU opened at $77.60 on Friday. The stock’s 50-day simple moving average is $80.05 and its two-hundred day simple moving average is $80.22. The stock has a market capitalization of $530.01 million, a price-to-earnings ratio of 18.42 and a beta of 0.58. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $72.51 and a 52-week high of $84.52.

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.