Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-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 traded.
Invesco S&P 500 Equal Weight Industrials ETF Stock Up 1.7%
The stock has a market capitalization of $711.35 million, a P/E ratio of 22.94 and a beta of 1.00. The stock’s 50 day moving average price is $59.86 and its 200-day moving average price is $61.07.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in RSPN. Brian Low Financial Group LLC increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 3.8% during the third quarter. Brian Low Financial Group LLC now owns 13,781 shares of the company’s stock worth $798,000 after purchasing an additional 501 shares in the last quarter. Victory Financial Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth $458,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth $304,000. Park Avenue Securities LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 3rd quarter worth $211,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 3rd quarter worth $248,000.
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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