Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $73.30 and last traded at $73.2840, with a volume of 17377 shares changing hands. The stock had previously closed at $74.13.
Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.9%
The company’s fifty day moving average price is $78.38 and its 200-day moving average price is $79.91. The stock has a market capitalization of $501.63 million, a PE ratio of 18.42 and a beta of 0.56.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Utilities ETF
Hedge funds have recently added to or reduced their stakes in the stock. Main Street Group LTD purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth $30,000. Anchor Investment Management LLC raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.1% in the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock worth $53,000 after purchasing an additional 202 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter worth about $88,000. Allworth Financial LP boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 90.0% in the 2nd quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock worth $103,000 after purchasing an additional 603 shares in the last quarter. Finally, Compass Financial Management LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth about $157,000.
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.
See Also
- Five stocks we like better than Invesco S&P 500 Equal Weight Utilities ETF
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Receive News & Ratings for Invesco S&P 500 Equal Weight Utilities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight Utilities ETF and related companies with MarketBeat.com's FREE daily email newsletter.
