Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Stock Passes Below 50-Day Moving Average of $60.65

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Stock Passes Below 50-Day Moving Average of .65


Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYUGet Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $60.65 and traded as low as $60.20. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $60.24, with a volume of 13,389 shares.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

The stock has a market cap of $265.06 million, a P/E ratio of 17.30 and a beta of 0.71. The company’s 50 day moving average price is $60.65 and its 200-day moving average price is $58.55.

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

Institutional investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 100.0% during the third quarter. SRS Capital Advisors Inc. now owns 478 shares of the company’s stock valued at $52,000 after buying an additional 239 shares during the period. Signaturefd LLC purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the third quarter valued at about $60,000. B. Riley Wealth Advisors Inc. lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 88.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 4,200 shares of the company’s stock valued at $461,000 after purchasing an additional 1,975 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 97.7% during the third quarter. Avantax Advisory Services Inc. now owns 5,183 shares of the company’s stock valued at $569,000 after purchasing an additional 2,561 shares during the last quarter. Finally, Lincoln National Corp lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 96.4% during the third quarter. Lincoln National Corp now owns 7,432 shares of the company’s stock valued at $816,000 after purchasing an additional 3,648 shares during the last quarter.

About Invesco S&P 500 Equal Weight Utilities ETF

(Get Free Report)

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.



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