Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Stock Price Down 0.1% – Here’s What Happened

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares traded down 0.1% on Wednesday . The company traded as low as $60.20 and last traded at $60.48. 243,464 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 164,359 shares. The stock had previously closed at $60.52.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The company’s 50 day moving average price is $63.31 and its 200-day moving average price is $61.60. The company has a market cap of $1.08 billion, a PE ratio of 22.94 and a beta of 1.00.

Institutional Trading of Invesco S&P 500 Equal Weight Industrials ETF

Several hedge funds have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter worth $25,000. Allied Private Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 2nd quarter valued at about $30,000. Hilton Head Capital Partners LLC bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at about $33,000. CWM LLC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 24.2% during the fourth quarter. CWM LLC now owns 3,218 shares of the company’s stock valued at $182,000 after purchasing an additional 628 shares during the last quarter. Finally, Yoder Wealth Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the first quarter valued at about $201,000.

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.