Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Shares Up 0.9% – Should You Buy?

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)’s share price rose 0.9% during trading on Wednesday . The stock traded as high as $76.13 and last traded at $75.87. Approximately 49,267 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 54,152 shares. The stock had previously closed at $75.17.

Invesco S&P 500 Equal Weight Utilities ETF Trading Up 0.9%

The company has a market cap of $512.88 million, a PE ratio of 18.42 and a beta of 0.61. The firm’s 50-day simple moving average is $75.96 and its two-hundred day simple moving average is $75.49.

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

Several hedge funds have recently made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth $29,000. Financial Freedom LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the second quarter valued at about $46,000. Allworth Financial LP raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 235.1% in the third quarter. Allworth Financial LP now owns 955 shares of the company’s stock worth $73,000 after purchasing an additional 670 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the second quarter worth about $73,000. Finally, First Heartland Consultants Inc. purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the third quarter valued at approximately $204,000.

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.