Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Unusually-High Trading Volume

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw an uptick in trading volume on Thursday . 278,278 shares traded hands during mid-day trading, an increase of 183% from the previous session’s volume of 98,214 shares.The stock last traded at $45.75 and had previously closed at $45.84.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The company has a market cap of $687.72 million, a PE ratio of 23.15 and a beta of 1.25. The company has a 50-day moving average of $46.16 and a 200 day moving average of $42.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MTM Investment Management LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter worth about $29,000. Astoria Portfolio Advisors LLC. grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 12.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 6,718 shares of the company’s stock worth $307,000 after acquiring an additional 766 shares in the last quarter. CWM LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at approximately $36,000. Register Financial Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the first quarter valued at approximately $57,000. Finally, G&S Capital LLC boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 2.7% during the first quarter. G&S Capital LLC now owns 55,659 shares of the company’s stock valued at $2,655,000 after buying an additional 1,475 shares during the period.

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.