Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Large Volume Increase – What’s Next?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares saw strong trading volume on Friday . 198,816 shares were traded during trading, an increase of 114% from the previous session’s volume of 93,023 shares.The stock last traded at $56.8250 and had previously closed at $56.62.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The company has a market capitalization of $705.87 million, a price-to-earnings ratio of 22.94 and a beta of 1.09. The stock has a 50 day simple moving average of $55.72 and a two-hundred day simple moving average of $55.14.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 0.6% during the third quarter. NewEdge Advisors LLC now owns 257,564 shares of the company’s stock worth $14,449,000 after purchasing an additional 1,450 shares in the last quarter. National Bank of Canada FI raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1.2% during the 3rd quarter. National Bank of Canada FI now owns 34,794 shares of the company’s stock worth $1,952,000 after acquiring an additional 416 shares in the last quarter. Hilltop Holdings Inc. raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 10.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 21,240 shares of the company’s stock worth $1,192,000 after acquiring an additional 1,973 shares in the last quarter. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 11.1% in the third quarter. Bank of America Corp DE now owns 908,585 shares of the company’s stock valued at $50,972,000 after acquiring an additional 90,512 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 275,182 shares of the company’s stock valued at $15,425,000 after acquiring an additional 2,843 shares in the last quarter.

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.