Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $74.32 and traded as high as $75.11. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $74.80, with a volume of 39,517 shares trading hands.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

The stock has a market cap of $242.35 million, a price-to-earnings ratio of 18.42 and a beta of 0.55. The company’s fifty day moving average price is $74.32 and its 200-day moving average price is $78.07.

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

An institutional investor recently bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF stock. Compass Financial Management LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,938 shares of the company’s stock, valued at approximately $157,000. Compass Financial Management LLC owned about 0.06% of Invesco S&P 500 Equal Weight Utilities ETF as of its most recent SEC filing.

About Invesco S&P 500 Equal Weight Utilities ETF

The Invesco S&P 500 Equal Weight Utilities ETF (RYU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RYU was launched on Nov 1, 2006 and is managed by Invesco.