Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Unusually-High Trading Volume – Here’s Why

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) shares saw unusually-high trading volume on Monday . 42,195 shares were traded 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 Price Performance

The firm has a market capitalization of $519.28 million, a price-to-earnings ratio of 18.42 and a beta of 0.58. The business’s 50 day moving average price is $79.93 and its 200-day moving average price is $80.36.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter worth $1,411,000. Harbour Investments Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 510.9% in the fourth quarter. Harbour Investments Inc. now owns 26,341 shares of the company’s stock valued at $1,970,000 after purchasing an additional 22,029 shares during the period. Denver Wealth Management Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 584.4% in the fourth quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock valued at $7,116,000 after purchasing an additional 81,253 shares during the period. Redstone Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth about $2,629,000. Finally, Baer Investment Advisory LLC purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the first quarter worth about $4,848,000.

About Invesco S&P 500 Equal Weight Utilities ETF

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.