Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sets New 1-Year High – What’s Next?

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) shares hit a new 52-week high during trading on Saturday . The company traded as high as $82.44 and last traded at $82.39, with a volume of 95853 shares trading hands. The stock had previously closed at $80.25.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 2.7%

The company has a market cap of $542.13 million, a P/E ratio of 18.42 and a beta of 0.61. The business has a 50-day moving average price of $75.76 and a two-hundred day moving average price of $76.21.

Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter valued at about $29,000. Hollencrest Capital Management acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at approximately $45,000. Financial Freedom LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF in the second quarter valued at approximately $46,000. Allworth Financial LP boosted its stake in 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 acquiring an additional 670 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at approximately $201,000.

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.