Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Strong Trading Volume – What’s Next?

Shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw strong trading volume on Friday . 179,675 shares were traded during mid-day trading, an increase of 259% from the previous session’s volume of 50,043 shares.The stock last traded at $82.51 and had previously closed at $82.13.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.5%

The firm has a fifty day simple moving average of $81.88 and a 200-day simple moving average of $78.67. The company has a market capitalization of $583.62 million, a P/E ratio of 18.42 and a beta of 0.60.

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

Several large investors have recently made changes to their positions in RSPU. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 562.9% during 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 during the last quarter. Denver Wealth Management Inc. lifted its holdings 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 valued at $7,116,000 after purchasing an additional 81,253 shares during the last quarter. Baer Investment Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the first quarter valued at approximately $4,848,000. RM Financial Services LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at approximately $3,080,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during 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 last quarter.

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.