Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Unusually-High Trading Volume – Should You Buy?

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) shares saw unusually-high trading volume on Tuesday . Approximately 32,154 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 47,320 shares.The stock last traded at $76.8490 and had previously closed at $76.09.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.9%

The business’s fifty day moving average is $78.96 and its 200-day moving average is $80.15. The stock has a market capitalization of $525.36 million, a PE ratio of 18.42 and a beta of 0.56.

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

Several institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.3% during the 4th quarter. LPL Financial LLC now owns 586,864 shares of the company’s stock worth $43,886,000 after buying an additional 24,285 shares during the last quarter. Bank of America Corp DE boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 10.3% in the third quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock valued at $34,884,000 after acquiring an additional 42,665 shares during the last quarter. Raymond James Financial Inc. grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 18.7% during the third quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock valued at $9,880,000 after acquiring an additional 20,276 shares during the period. Kestra Advisory Services LLC grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 5.6% during the first quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after acquiring an additional 6,205 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% in the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock worth $7,827,000 after purchasing an additional 40,159 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.