Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Shares Down 1.5% – Time to Sell?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) fell 1.5% on Friday . The company traded as low as $59.59 and last traded at $59.65. 23,499 shares were traded during trading, a decline of 88% from the average session volume of 200,327 shares. The stock had previously closed at $60.54.

Invesco S&P 500 Equal Weight Industrials ETF Trading Down 1.5%

The company has a market capitalization of $968.12 million, a PE ratio of 22.94 and a beta of 1.03. The stock has a fifty day moving average of $59.67 and a two-hundred day moving average of $58.95.

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

A number of large investors have recently modified their holdings of RSPN. Royal Bank of Canada raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.8% during the 1st quarter. Royal Bank of Canada now owns 173,328 shares of the company’s stock valued at $8,482,000 after buying an additional 1,458 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 6.8% during the 2nd quarter. Brown Advisory Inc. now owns 15,750 shares of the company’s stock valued at $843,000 after buying an additional 1,000 shares in the last quarter. Quantinno Capital Management LP purchased a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter valued at about $388,000. Raymond James Financial Inc. increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 55.6% in the 2nd quarter. Raymond James Financial Inc. now owns 227,096 shares of the company’s stock worth $12,156,000 after purchasing an additional 81,168 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 272,339 shares of the company’s stock worth $14,578,000 after purchasing an additional 12,294 shares during the period.

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.