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

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) shares saw an uptick in trading volume on Friday . 101,961 shares were traded during mid-day trading, an increase of 134% from the previous session’s volume of 43,609 shares.The stock last traded at $80.86 and had previously closed at $79.97.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

The stock has a market cap of $528.77 million, a price-to-earnings ratio of 18.42 and a beta of 0.61. The company has a 50-day simple moving average of $80.04 and a two-hundred day simple moving average of $77.73.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Arax Advisory Partners bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth $38,000. Hollencrest Capital Management acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at $45,000. Financial Freedom LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter valued at about $46,000. Anchor Investment Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.1% in the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock valued at $53,000 after acquiring an additional 202 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 235.1% during the 3rd 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.

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.