Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Stock Price Passes Below Fifty Day Moving Average of $61.35

Shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $61.35 and traded as low as $57.60. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $57.65, with a volume of 38,379 shares changing hands.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.4 %

The firm has a 50-day moving average of $61.39 and a two-hundred day moving average of $59.07. The company has a market capitalization of $255.42 million, a PE ratio of 17.30 and a beta of 0.71.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Lido Advisors LLC raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 233.9% in the 3rd quarter. Lido Advisors LLC now owns 15,598 shares of the company’s stock valued at $1,713,000 after purchasing an additional 10,926 shares during the last quarter. Jackson Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 122.0% in the 3rd quarter. Jackson Wealth Management LLC now owns 24,881 shares of the company’s stock valued at $2,732,000 after purchasing an additional 13,674 shares during the last quarter. Studio Investment Management LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 3rd quarter valued at $1,322,000. Delos Wealth Advisors LLC raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 100.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 10,552 shares of the company’s stock valued at $1,159,000 after purchasing an additional 5,276 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 103.4% in the 3rd quarter. Harbour Investments Inc. now owns 25,623 shares of the company’s stock valued at $2,813,000 after purchasing an additional 13,024 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

The Invesco S&P 500 Equal Weight Utilities ETF (RYU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RYU was launched on Nov 1, 2006 and is managed by Invesco.