Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $80.19 and traded as low as $77.94. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $78.10, with a volume of 36,232 shares.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

The firm has a fifty day simple moving average of $80.05 and a 200 day simple moving average of $80.19. The company has a market capitalization of $254.99 million, a PE ratio of 18.42 and a beta of 0.55.

Hedge Funds Weigh In On 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 acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,938 shares of the company’s stock, valued at approximately $157,000. Compass Financial Management LLC owned approximately 0.06% of Invesco S&P 500 Equal Weight Utilities ETF at the end of the most recent reporting period.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

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.