Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Unusually-High Trading Volume – What’s Next?

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw unusually-high trading volume on Friday . Approximately 179,675 shares were traded during trading, an increase of 259% from the previous session’s volume of 50,043 shares.The stock last traded at $82.51 and had previously closed at $82.13.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

The stock has a market capitalization of $584.27 million, a P/E ratio of 18.42 and a beta of 0.65. The business has a 50-day moving average price of $81.88 and a 200 day moving average price of $78.67.

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

Institutional investors have recently modified their holdings of the stock. Arax Advisory Partners bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter worth about $38,000. Hollencrest Capital Management purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter worth about $45,000. Anchor Investment Management LLC lifted its stake in shares of 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 buying an additional 202 shares in the last quarter. Allworth Financial LP lifted 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 buying an additional 670 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at approximately $201,000.

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.