Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares saw unusually-high trading volume on Friday . Approximately 664,642 shares traded hands during mid-day trading, an increase of 434% from the previous session’s volume of 124,539 shares.The stock last traded at $59.8690 and had previously closed at $60.24.

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

The firm has a market capitalization of $919.33 million, a price-to-earnings ratio of 22.94 and a beta of 1.09. The business’s fifty day moving average is $57.84 and its 200 day moving average is $56.33.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. RFP Financial Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter valued at $8,500,000. Bank of America Corp DE boosted its position in Invesco S&P 500 Equal Weight Industrials ETF by 11.1% during the third quarter. Bank of America Corp DE now owns 908,585 shares of the company’s stock valued at $50,972,000 after purchasing an additional 90,512 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 110.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 159,001 shares of the company’s stock valued at $8,511,000 after purchasing an additional 83,393 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 55.6% during the 2nd quarter. Raymond James Financial Inc. now owns 227,096 shares of the company’s stock worth $12,156,000 after purchasing an additional 81,168 shares during the last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter worth approximately $3,496,000.

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.