Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Large Volume Increase – Time to Buy?

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) shares saw unusually-strong trading volume on Friday . Approximately 60,848 shares changed hands during trading, an increase of 22% from the previous session’s volume of 49,928 shares.The stock last traded at $81.5170 and had previously closed at $78.97.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

The firm has a market capitalization of $542.26 million, a price-to-earnings ratio of 18.42 and a beta of 0.61. The stock has a 50 day moving average price of $75.62 and a two-hundred day moving average price of $76.14.

Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 562.9% in the second quarter. Bank of America Corp DE now owns 412,381 shares of the company’s stock valued at $29,329,000 after purchasing an additional 350,174 shares in the last quarter. Denver Wealth Management Inc. increased its position 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 acquiring an additional 81,253 shares during the period. RM Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at $3,080,000. NewEdge Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% in the second quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after purchasing an additional 40,159 shares during the period. Finally, Bogart Wealth LLC boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 15,253.8% in the second quarter. Bogart Wealth LLC now owns 36,849 shares of the company’s stock valued at $2,621,000 after purchasing an additional 36,609 shares during the period.

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.