Shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $73.30 and last traded at $73.2840, with a volume of 17377 shares trading hands. The stock had previously closed at $74.13.
Invesco S&P 500 Equal Weight Utilities ETF Trading Up 0.1%
The firm has a 50-day moving average of $78.06 and a two-hundred day moving average of $79.77. The firm has a market cap of $442.97 million, a price-to-earnings ratio of 18.42 and a beta of 0.56.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.6% during the first quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock valued at $34,628,000 after purchasing an additional 10,829 shares during the period. Kestra Advisory Services LLC raised its position in Invesco S&P 500 Equal Weight Utilities ETF by 5.6% in the 1st quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after purchasing an additional 6,205 shares during the last quarter. Studio Investment Management LLC boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 5.5% in the second quarter. Studio Investment Management LLC now owns 99,554 shares of the company’s stock worth $8,077,000 after purchasing an additional 5,160 shares in the last quarter. Denver Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 584.4% during the fourth quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock worth $7,116,000 after purchasing an additional 81,253 shares during the last quarter. Finally, Baer Investment Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter valued at $4,848,000.
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.
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