Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Share Price Crosses Below 50-Day Moving Average of $61.35

Shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) passed 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 traded.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

The stock has a market cap of $253.66 million, a P/E ratio of 17.30 and a beta of 0.71. The stock’s 50-day moving average is $61.35 and its two-hundred day moving average is $59.07.

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

Large investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 100.0% during the 3rd quarter. SRS Capital Advisors Inc. now owns 478 shares of the company’s stock valued at $52,000 after buying an additional 239 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 88.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 4,200 shares of the company’s stock worth $461,000 after purchasing an additional 1,975 shares in the last quarter. Studio Investment Management LLC purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 3rd quarter worth $1,322,000. Delos Wealth Advisors LLC lifted its holdings in shares of 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 worth $1,159,000 after buying an additional 5,276 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 103.4% during the 3rd quarter. Harbour Investments Inc. now owns 25,623 shares of the company’s stock worth $2,813,000 after buying an additional 13,024 shares in 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.