Denver Wealth Management Inc. Purchases 81,253 Shares of Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Denver Wealth Management Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 584.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 95,156 shares of the company’s stock after acquiring an additional 81,253 shares during the period. Invesco S&P 500 Equal Weight Utilities ETF makes up approximately 2.5% of Denver Wealth Management Inc.’s portfolio, making the stock its 9th largest position. Denver Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $7,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at $45,000. Allworth Financial LP grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 235.1% in the third quarter. Allworth Financial LP now owns 955 shares of the company’s stock valued at $73,000 after purchasing an additional 670 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at about $201,000. First Heartland Consultants Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the third quarter valued at about $204,000. Finally, Planning Directions Inc. acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth about $216,000.

Invesco S&P 500 Equal Weight Utilities ETF Trading Up 1.0%

RSPU opened at $79.43 on Friday. The firm has a market capitalization of $567.13 million, a PE ratio of 18.42 and a beta of 0.58. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $69.73 and a twelve month high of $84.52. The firm’s 50-day moving average price is $80.12 and its 200 day moving average price is $78.81.

Invesco S&P 500 Equal Weight Utilities ETF Company 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.