Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Trading Down 0.4% – Here’s Why

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS)’s stock price traded down 0.4% during trading on Thursday . The stock traded as low as $29.91 and last traded at $29.93. 66,219 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 61,207 shares. The stock had previously closed at $30.06.

Invesco S&P 500 Equal Weight Consumer Staples ETF Trading Down 1.2%

The business has a 50 day simple moving average of $29.27 and a two-hundred day simple moving average of $29.86. The stock has a market cap of $240.32 million, a price-to-earnings ratio of 17.33 and a beta of 0.49.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Legend Financial Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 2nd quarter valued at about $33,000. AE Wealth Management LLC increased its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 71.7% in the second quarter. AE Wealth Management LLC now owns 1,365 shares of the company’s stock valued at $41,000 after buying an additional 570 shares during the last quarter. Howe & Rusling Inc. raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 55.7% during the third quarter. Howe & Rusling Inc. now owns 2,083 shares of the company’s stock valued at $61,000 after buying an additional 745 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 41.0% during the third quarter. CIBC Private Wealth Group LLC now owns 4,935 shares of the company’s stock valued at $144,000 after buying an additional 1,435 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF during the 3rd quarter worth approximately $144,000.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.