Farther Finance Advisors LLC Buys Shares of 600 Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Farther Finance Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 600 shares of the company’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 156.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 231,032 shares of the company’s stock valued at $13,407,000 after buying an additional 140,931 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the third quarter worth about $6,775,000. Atria Wealth Solutions Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 17.1% during the second quarter. Atria Wealth Solutions Inc. now owns 185,377 shares of the company’s stock valued at $10,758,000 after acquiring an additional 27,108 shares in the last quarter. Jackson Wealth Management LLC raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 98.0% in the 3rd quarter. Jackson Wealth Management LLC now owns 31,895 shares of the company’s stock valued at $2,191,000 after purchasing an additional 15,787 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth approximately $758,000.

Invesco S&P 500 Equal Weight Utilities ETF Trading Down 0.6 %

Shares of Invesco S&P 500 Equal Weight Utilities ETF stock opened at $67.31 on Friday. The firm’s 50 day simple moving average is $67.58 and its two-hundred day simple moving average is $63.11. The firm has a market capitalization of $296.16 million, a price-to-earnings ratio of 17.76 and a beta of 0.69. Invesco S&P 500 Equal Weight Utilities ETF has a 12-month low of $51.02 and a 12-month high of $69.87.

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.