Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Reaches New 1-Year Low – Here’s What Happened

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $73.30 and last traded at $73.2840, with a volume of 17377 shares changing hands. The stock had previously closed at $74.13.

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

The company has a market capitalization of $501.63 million, a P/E ratio of 18.42 and a beta of 0.56. The business’s fifty day moving average price is $78.38 and its 200-day moving average price is $79.91.

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

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock worth $34,628,000 after buying an additional 10,829 shares during the period. Kestra Advisory Services LLC boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 5.6% during the 1st quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after acquiring an additional 6,205 shares during the period. Studio Investment Management LLC grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 5.5% during the 2nd quarter. Studio Investment Management LLC now owns 99,554 shares of the company’s stock worth $8,077,000 after acquiring an additional 5,160 shares during the last quarter. Denver Wealth Management Inc. grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 584.4% during the 4th quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock worth $7,116,000 after acquiring an additional 81,253 shares during the last quarter. Finally, Baer Investment Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter worth approximately $4,848,000.

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.