Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sets New 12-Month High – Here’s What Happened

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares reached a new 52-week high on Monday . The company traded as high as $59.68 and last traded at $59.60, with a volume of 7435 shares trading hands. The stock had previously closed at $59.52.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 0.2%

The stock has a 50 day simple moving average of $56.54 and a 200-day simple moving average of $55.86. The firm has a market cap of $907.80 million, a PE ratio of 22.94 and a beta of 1.09.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RSPN. CX Institutional grew its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 291.3% during the 3rd quarter. CX Institutional now owns 587 shares of the company’s stock valued at $33,000 after buying an additional 437 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter worth $80,000. Ameritas Advisory Services LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF during the third quarter valued at $97,000. AE Wealth Management LLC increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 12.9% in the 2nd quarter. AE Wealth Management LLC now owns 1,972 shares of the company’s stock valued at $106,000 after acquiring an additional 225 shares during the last quarter. Finally, CWM LLC lifted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 3,353.3% in the 3rd quarter. CWM LLC now owns 2,590 shares of the company’s stock worth $145,000 after purchasing an additional 2,515 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.