Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Stock Price Up 0.9% – Here’s What Happened

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

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

The firm has a 50-day moving average price of $75.96 and a two-hundred day moving average price of $75.49. The firm has a market cap of $512.88 million, a PE ratio of 18.42 and a beta of 0.61.

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

A number of large investors have recently modified their holdings of RSPU. Royal Bank of Canada raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 50.2% in the first quarter. Royal Bank of Canada now owns 8,084 shares of the company’s stock valued at $563,000 after buying an additional 2,703 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 139.2% during the 1st quarter. Jones Financial Companies Lllp now owns 8,596 shares of the company’s stock valued at $615,000 after acquiring an additional 5,002 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at about $2,132,000. Sound Income Strategies LLC purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth approximately $73,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 2nd quarter worth approximately $220,000.

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.