Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Strong Trading Volume – Still a Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares saw strong trading volume on Wednesday . 146,311 shares traded hands during trading, an increase of 21% from the previous session’s volume of 120,557 shares.The stock last traded at $60.5140 and had previously closed at $59.63.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 1.8%

The firm has a 50-day simple moving average of $57.02 and a two-hundred day simple moving average of $56.08. The company has a market capitalization of $926.40 million, a price-to-earnings ratio of 22.94 and a beta of 1.09.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPN. Park Avenue Securities LLC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 18.1% in the 2nd quarter. Park Avenue Securities LLC now owns 8,372 shares of the company’s stock worth $448,000 after purchasing an additional 1,283 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter worth $201,000. Atria Wealth Solutions Inc. grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 25.8% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 17,689 shares of the company’s stock valued at $965,000 after buying an additional 3,629 shares during the last quarter. Private Trust Co. NA raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 60.1% in the 2nd quarter. Private Trust Co. NA now owns 11,984 shares of the company’s stock worth $642,000 after acquiring an additional 4,500 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 116.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,458 shares of the company’s stock worth $988,000 after acquiring an additional 9,928 shares during the last quarter.

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.