Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Large Volume Increase – Still a Buy?

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw unusually-high trading volume on Wednesday . Approximately 528,982 shares changed hands during trading, an increase of 166% from the previous session’s volume of 198,702 shares.The stock last traded at $59.50 and had previously closed at $58.77.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 1.3%

The stock has a market capitalization of $966.17 million, a P/E ratio of 22.94 and a beta of 1.03. The company has a 50-day moving average price of $59.58 and a 200 day moving average price of $59.01.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1,022,039.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,831,327 shares of the company’s stock worth $160,338,000 after acquiring an additional 2,831,050 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 235.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock valued at $137,178,000 after buying an additional 1,700,000 shares in the last quarter. Bank of America Corp DE increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 3.1% during the 1st quarter. Bank of America Corp DE now owns 973,290 shares of the company’s stock valued at $56,042,000 after buying an additional 29,387 shares in the last quarter. Affinity Wealth Management LLC increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 0.7% during the 4th quarter. Affinity Wealth Management LLC now owns 633,237 shares of the company’s stock valued at $35,860,000 after buying an additional 4,606 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 367.2% during the 1st quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock valued at $27,059,000 after buying an additional 369,358 shares in the last quarter.

About Invesco S&P 500 Equal Weight Industrials ETF

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.