Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Get Free Report) shares saw unusually-high trading volume on Friday. Approximately 131,237 shares traded hands during mid-day trading, an increase of 156% from the average daily volume of 51,316 shares. The stock last traded at $76.4790 and had previously closed at $77.34.
Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.1%
The company has a market cap of $527.07 million, a PE ratio of 18.42 and a beta of 0.54. The business has a 50-day simple moving average of $74.11 and a 200-day simple moving average of $78.51.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 3rd quarter valued at $430,000. Kestra Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.7% in the third quarter. Kestra Advisory Services LLC now owns 114,814 shares of the company’s stock valued at $8,048,000 after purchasing an additional 1,950 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the third quarter worth $1,613,000. Integrity Alliance LLC. purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 3rd quarter worth approximately $726,000. Finally, Simplicity Wealth LLC raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 26.5% in the 3rd quarter. Simplicity Wealth LLC now owns 10,814 shares of the company’s stock valued at $758,000 after purchasing an additional 2,265 shares during the last quarter.
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.
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