Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sets New 52-Week High – Here’s What Happened

Posted by Lauren Steadman on Nov 6th, 2024

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.88 and last traded at $53.88, with a volume of 7154 shares traded. The stock had previously closed at $52.14.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 3.6 %

The business’s fifty day simple moving average is $50.47 and its 200 day simple moving average is $47.87. The stock has a market cap of $819.25 million, a P/E ratio of 22.62 and a beta of 1.24.

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

Large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the first quarter valued at about $881,000. Oppenheimer & Co. Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 18.0% during the first quarter. Oppenheimer & Co. Inc. now owns 35,370 shares of the company’s stock valued at $1,688,000 after acquiring an additional 5,406 shares during the last quarter. Interchange Capital Partners LLC raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 3.8% during the first quarter. Interchange Capital Partners LLC now owns 14,850 shares of the company’s stock worth $728,000 after acquiring an additional 549 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the first quarter worth $331,000. Finally, Osaic Holdings Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 6.8% during the 1st quarter. Osaic Holdings Inc. now owns 168,988 shares of the company’s stock valued at $8,062,000 after acquiring an additional 10,819 shares during the period.

Invesco S&P 500 Equal Weight Industrials ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.