Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Reaches New 12-Month High – What’s Next?

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPUGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $83.08 and last traded at $83.06, with a volume of 72496 shares trading hands. The stock had previously closed at $82.75.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

The business has a fifty day moving average of $76.63 and a two-hundred day moving average of $76.51. The firm has a market capitalization of $547.59 million, a price-to-earnings ratio of 18.42 and a beta of 0.61.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSPU. Royal Bank of Canada lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 50.2% during the first quarter. Royal Bank of Canada now owns 8,084 shares of the company’s stock worth $563,000 after purchasing an additional 2,703 shares during the period. Jones Financial Companies Lllp lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 139.2% in the first quarter. Jones Financial Companies Lllp now owns 8,596 shares of the company’s stock valued at $615,000 after buying an additional 5,002 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter valued at $2,132,000. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 9.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,127 shares of the company’s stock worth $1,787,000 after purchasing an additional 2,217 shares in the last quarter. Finally, Advisory Alpha LLC boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 2.1% in the second quarter. Advisory Alpha LLC now owns 10,071 shares of the company’s stock worth $716,000 after acquiring an additional 210 shares in the last quarter.

About Invesco S&P 500 Equal Weight Utilities ETF

(Get Free Report)

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.

Further Reading

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