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

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw unusually-high trading volume on Monday . Approximately 628,495 shares changed hands during trading, an increase of 742% from the previous session’s volume of 74,626 shares.The stock last traded at $45.13 and had previously closed at $46.51.

Invesco S&P 500 Equal Weight Industrials ETF Trading Down 3.1 %

The stock has a market capitalization of $588.80 million, a PE ratio of 21.33 and a beta of 1.09. The business has a fifty day moving average price of $48.91 and a 200-day moving average price of $51.11.

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

Several institutional investors and hedge funds have recently bought and sold shares of RSPN. Raymond James Financial Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at about $7,770,000. Strategic Wealth Partners Ltd. bought a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter valued at approximately $6,403,000. TigerOak Management L.L.C. purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter worth approximately $6,036,000. Farther Finance Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 1st quarter worth approximately $3,207,000. Finally, Clear Creek Financial Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at approximately $2,644,000.

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.