Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Shares Pass Above 50 Day Moving Average of $60.35

Shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $60.35 and traded as high as $60.73. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $60.73, with a volume of 75,358 shares traded.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

The firm has a market capitalization of $267.21 million, a PE ratio of 17.30 and a beta of 0.71. The business’s 50 day moving average is $60.35 and its two-hundred day moving average is $56.90.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RYU. SRS Capital Advisors Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 100.0% in the 3rd quarter. SRS Capital Advisors Inc. now owns 478 shares of the company’s stock valued at $52,000 after purchasing an additional 239 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 97.7% during the third quarter. Avantax Advisory Services Inc. now owns 5,183 shares of the company’s stock valued at $569,000 after buying an additional 2,561 shares during the last quarter. UBS Group AG increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 108.4% in the third quarter. UBS Group AG now owns 35,370 shares of the company’s stock worth $3,884,000 after buying an additional 18,396 shares during the period. Studio Investment Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 3rd quarter valued at about $1,322,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 88.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,200 shares of the company’s stock valued at $461,000 after acquiring an additional 1,975 shares during the period.

About Invesco S&P 500 Equal Weight Utilities ETF

The Invesco S&P 500 Equal Weight Utilities ETF (RYU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RYU was launched on Nov 1, 2006 and is managed by Invesco.