Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) shares saw unusually-high trading volume on Thursday. Approximately 231,423 shares changed hands during 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 Down 0.4%
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 fifty day moving average is $61.39 and its two-hundred day moving average is $61.20.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Industrials ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 3.1% during the first quarter. Bank of America Corp DE now owns 973,290 shares of the company’s stock worth $56,042,000 after acquiring an additional 29,387 shares during the last quarter. Annex Advisory Services LLC bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the second quarter valued at about $33,819,000. Royal Bank of Canada boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 367.2% in the first quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock valued at $27,059,000 after acquiring an additional 369,358 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the first quarter worth about $14,320,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 175,887 shares of the company’s stock worth $11,256,000 after purchasing an additional 2,257 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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