Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Reaches New 12-Month High – Should You Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) reached a new 52-week high during trading on Wednesday . The stock traded as high as $56.91 and last traded at $57.0350, with a volume of 138075 shares changing hands. The stock had previously closed at $55.89.

Invesco S&P 500 Equal Weight Industrials ETF Trading Down 0.7%

The business’s 50-day moving average is $55.67 and its two-hundred day moving average is $55.01. The firm has a market cap of $709.58 million, a P/E ratio of 22.94 and a beta of 1.09.

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

A number of institutional investors and hedge funds have recently made changes to their positions in RSPN. US Bancorp DE boosted its position in Invesco S&P 500 Equal Weight Industrials ETF by 53.5% during the 1st quarter. US Bancorp DE now owns 1,107 shares of the company’s stock valued at $54,000 after purchasing an additional 386 shares during the period. PNC Financial Services Group Inc. bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the first quarter valued at $47,000. National Bank of Canada FI boosted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 10.9% during the first quarter. National Bank of Canada FI now owns 22,562 shares of the company’s stock valued at $1,104,000 after acquiring an additional 2,212 shares during the period. Comprehensive Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 23.1% during the first quarter. Comprehensive Wealth Management LLC now owns 33,122 shares of the company’s stock valued at $1,621,000 after acquiring an additional 6,208 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1.2% during the first quarter. Kestra Advisory Services LLC now owns 220,939 shares of the company’s stock worth $10,811,000 after acquiring an additional 2,595 shares during the last quarter.

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.