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

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw unusually-high trading volume on Tuesday . Approximately 542,034 shares changed hands during mid-day trading, an increase of 188% from the previous session’s volume of 188,031 shares.The stock last traded at $59.20 and had previously closed at $59.04.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The firm has a fifty day moving average of $62.42 and a 200 day moving average of $61.30. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 22.94 and a beta of 1.00.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RSPN. Goldman Sachs Group Inc. boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 235.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock worth $137,178,000 after buying an additional 1,700,000 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 3.1% in the first quarter. Bank of America Corp DE now owns 973,290 shares of the company’s stock valued at $56,042,000 after buying an additional 29,387 shares in the last quarter. Annex Advisory Services LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the second quarter valued at $33,819,000. Royal Bank of Canada raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 367.2% in the first quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock worth $27,059,000 after acquiring an additional 369,358 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the first quarter worth about $14,320,000.

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.