Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sets New 12-Month Low – Time to Sell?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $44.16 and last traded at $45.19, with a volume of 20190 shares. The stock had previously closed at $46.90.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The company’s fifty day moving average is $50.55 and its 200-day moving average is $51.53. The company has a market capitalization of $591.10 million, a PE ratio of 24.23 and a beta of 1.15.

Invesco S&P 500 Equal Weight Industrials ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1112 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco S&P 500 Equal Weight Industrials ETF’s previous dividend of $0.11.

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

Several large investors have recently made changes to their positions in RSPN. FMR LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 24.4% during the 3rd quarter. FMR LLC now owns 11,530 shares of the company’s stock worth $590,000 after acquiring an additional 2,258 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the third quarter worth $247,000. Stifel Financial Corp boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 5.6% during the third quarter. Stifel Financial Corp now owns 31,212 shares of the company’s stock valued at $1,598,000 after purchasing an additional 1,662 shares during the period. National Bank of Canada FI grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 4.2% in the third quarter. National Bank of Canada FI now owns 20,361 shares of the company’s stock worth $1,043,000 after purchasing an additional 829 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 5.3% in the 3rd quarter. MML Investors Services LLC now owns 11,657 shares of the company’s stock worth $597,000 after buying an additional 589 shares during the period.

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.