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

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw an uptick in trading volume on Thursday . 35,644 shares were traded during trading, a decline of 30% from the previous session’s volume of 51,057 shares.The stock last traded at $52.49 and had previously closed at $52.11.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 1.1 %

The firm has a 50 day moving average price of $52.34 and a 200 day moving average price of $50.67. The stock has a market cap of $798.99 million, a PE ratio of 22.62 and a beta of 1.24.

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

A number of hedge funds have recently bought and sold shares of RSPN. US Bancorp DE raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 113.6% in the 3rd quarter. US Bancorp DE now owns 566 shares of the company’s stock worth $29,000 after acquiring an additional 301 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the third quarter valued at about $247,000. Comprehensive Financial Consultants Institutional Inc. raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 10.6% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,085 shares of the company’s stock worth $255,000 after purchasing an additional 488 shares in the last quarter. Rovin Capital UT ADV lifted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 5.0% during the third quarter. Rovin Capital UT ADV now owns 5,097 shares of the company’s stock valued at $259,000 after buying an additional 242 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at about $314,000.

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.