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

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) shares 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 traded.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

The stock has a market cap of $244.81 million, a price-to-earnings ratio of 18.42 and a beta of 0.55. The business’s fifty day simple moving average is $74.25 and its 200 day simple moving average is $78.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF stock. Compass Financial Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,938 shares of the company’s stock, valued at approximately $157,000. Compass Financial Management LLC owned 0.06% of Invesco S&P 500 Equal Weight Utilities ETF as of its most recent filing with the SEC.

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.