Planning Directions Inc. Makes New $205,000 Investment in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Planning Directions Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,989 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the third quarter valued at about $41,000. Farther Finance Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the third quarter valued at $41,000. International Assets Investment Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the second quarter worth about $64,000. RFP Financial Group LLC increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 262.1% in the 2nd quarter. RFP Financial Group LLC now owns 3,339 shares of the company’s stock valued at $194,000 after purchasing an additional 2,417 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 3rd quarter worth $237,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

RSPU stock opened at $68.34 on Monday. The stock’s 50 day moving average price is $67.70 and its 200 day moving average price is $63.26. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $51.02 and a 1 year high of $69.87. The firm has a market cap of $300.70 million, a P/E 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.