Bank of New York Mellon Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 248,700 shares of the company’s stock, valued at approximately $14,320,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter valued at $33,000. Advanced Asset Management Advisors Inc bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter valued at $62,000. Sound Income Strategies LLC bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter valued at $103,000. Finally, CWM LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 24.2% in the 4th quarter. CWM LLC now owns 3,218 shares of the company’s stock worth $182,000 after buying an additional 628 shares during the last quarter.
Invesco S&P 500 Equal Weight Industrials ETF Price Performance
Shares of RSPN opened at $62.35 on Friday. Invesco S&P 500 Equal Weight Industrials ETF has a one year low of $53.47 and a one year high of $64.50. The firm has a market capitalization of $1.08 billion, a P/E ratio of 22.94 and a beta of 1.00. The business has a fifty day moving average of $62.38 and a 200 day moving average of $61.19.
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.
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