Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) saw strong trading volume on Thursday. Approximately 231,423 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 196,456 shares. The stock last traded at $58.3690 and had previously closed at $58.24.
Invesco S&P 500 Equal Weight Industrials ETF Stock Performance
The firm has a market cap of $710.68 million, a price-to-earnings ratio of 22.94 and a beta of 1.00. The business’s 50-day moving average is $61.39 and its 200-day moving average is $61.20.
Institutional Trading of Invesco S&P 500 Equal Weight Industrials ETF
Hedge funds have recently modified their holdings of the company. Brian Low Financial Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the first quarter valued at $704,000. Bank of New York Mellon Corp bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the first quarter valued at about $14,320,000. Bank of America Corp DE lifted 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 worth $56,042,000 after buying an additional 29,387 shares in the last quarter. Annex Advisory Services LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter worth about $33,819,000. Finally, Royal Bank of Canada grew its holdings 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 worth $27,059,000 after acquiring an additional 369,358 shares during 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.
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