Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Hits New 12-Month High – Here’s Why

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares reached a new 52-week high on Wednesday . The stock traded as high as $64.57 and last traded at $60.0090, with a volume of 434 shares trading hands. The stock had previously closed at $60.24.

Invesco S&P 500 Equal Weight Industrials ETF Trading Down 0.6%

The firm’s 50 day simple moving average is $57.59 and its 200 day simple moving average is $56.28. The firm has a market cap of $908.77 million, a PE ratio of 22.94 and a beta of 1.09.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

Several institutional investors have recently added to or reduced their stakes in RSPN. CX Institutional boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 291.3% during the 3rd quarter. CX Institutional now owns 587 shares of the company’s stock valued at $33,000 after acquiring an additional 437 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the third quarter worth $97,000. Sound Income Strategies LLC purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at $103,000. AE Wealth Management LLC lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 12.9% during the second quarter. AE Wealth Management LLC now owns 1,972 shares of the company’s stock valued at $106,000 after purchasing an additional 225 shares during the last quarter. Finally, CWM LLC lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 3,353.3% during the third quarter. CWM LLC now owns 2,590 shares of the company’s stock valued at $145,000 after purchasing an additional 2,515 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Company Profile

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.