Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) shares passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $59.99 and traded as high as $60.08. Invesco S&P 500 Equal Weight Industrials ETF shares last traded at $60.02, with a volume of 303,285 shares changing hands.
Invesco S&P 500 Equal Weight Industrials ETF Stock Performance
The stock has a market capitalization of $736.45 million, a P/E ratio of 22.94 and a beta of 1.00. The company’s fifty day simple moving average is $59.99 and its two-hundred day simple moving average is $61.06.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Industrials ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 3.1% in 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. Annex Advisory Services LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter worth $33,819,000. Royal Bank of Canada lifted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 367.2% during the first quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock worth $27,059,000 after buying an additional 369,358 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the first quarter worth $14,320,000. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 175,887 shares of the company’s stock worth $11,256,000 after buying an additional 2,257 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.
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