Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sets New 12-Month High – What’s Next?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPNGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $64.66 and last traded at $64.63, with a volume of 23118 shares changing hands. The stock had previously closed at $63.80.

Invesco S&P 500 Equal Weight Industrials ETF Trading Down 0.8%

The company has a market cap of $1.14 billion, a price-to-earnings ratio of 22.94 and a beta of 1.00. The business has a fifty day moving average price of $62.68 and a two-hundred day moving average price of $61.30.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.8% during the 1st quarter. Royal Bank of Canada now owns 173,328 shares of the company’s stock valued at $8,482,000 after buying an additional 1,458 shares during the period. Brown Advisory Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 6.8% in the 2nd quarter. Brown Advisory Inc. now owns 15,750 shares of the company’s stock valued at $843,000 after buying an additional 1,000 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the second quarter worth approximately $388,000. Raymond James Financial Inc. raised its position in Invesco S&P 500 Equal Weight Industrials ETF by 55.6% during the second quarter. Raymond James Financial Inc. now owns 227,096 shares of the company’s stock valued at $12,156,000 after acquiring an additional 81,168 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 272,339 shares of the company’s stock valued at $14,578,000 after acquiring an additional 12,294 shares during the last quarter.

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.

Further Reading

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