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

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw unusually-high trading volume on Monday . 42,195 shares traded hands during mid-day 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 Trading Up 0.2%

The company has a market capitalization of $525.36 million, a P/E ratio of 18.42 and a beta of 0.58. The company’s 50 day moving average is $79.81 and its 200-day moving average is $80.37.

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

A number of institutional investors and hedge funds have recently made changes to their positions in RSPU. Main Street Group LTD purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter worth approximately $30,000. Arax Advisory Partners purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at $38,000. Hollencrest Capital Management purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at $45,000. Anchor Investment Management LLC boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 40.1% in the fourth quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock worth $53,000 after acquiring an additional 202 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth $88,000.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

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.