Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 42,195 shares changed hands during trading, a decline of 7% from the previous session’s volume of 45,555 shares.The stock last traded at $76.33 and had previously closed at $76.05.
Invesco S&P 500 Equal Weight Utilities ETF Stock Performance
The company has a market capitalization of $519.28 million, a PE ratio of 18.42 and a beta of 0.58. The company’s 50-day simple moving average is $79.93 and its 200-day simple moving average is $80.36.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Utilities ETF
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 562.9% during the second quarter. Bank of America Corp DE now owns 412,381 shares of the company’s stock worth $29,329,000 after purchasing an additional 350,174 shares during the period. Denver Wealth Management Inc. increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 584.4% in the 4th quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock valued at $7,116,000 after buying an additional 81,253 shares during the period. Baer Investment Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at $4,848,000. RM Financial Services LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter valued at $3,080,000. Finally, NewEdge Advisors LLC raised its position in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock worth $7,827,000 after buying an additional 40,159 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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