Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) Shares Up 1.4% – Time to Buy?

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR)’s share price shot up 1.4% during trading on Monday . The company traded as high as $35.62 and last traded at $35.62. 74,384 shares were traded during trading, an increase of 457% from the average session volume of 13,350 shares. The stock had previously closed at $35.13.

Invesco S&P 500 Equal Weight Real Estate ETF Trading Up 1.4%

The stock has a market cap of $97.24 million, a price-to-earnings ratio of 37.16 and a beta of 0.95. The firm’s 50 day moving average is $34.66 and its two-hundred day moving average is $34.38.

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

Several institutional investors and hedge funds have recently modified their holdings of RSPR. IFP Advisors Inc boosted its position in Invesco S&P 500 Equal Weight Real Estate ETF by 19.8% during the fourth quarter. IFP Advisors Inc now owns 281,946 shares of the company’s stock worth $9,482,000 after acquiring an additional 46,630 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 27.1% in the third quarter. Raymond James Financial Inc. now owns 160,659 shares of the company’s stock valued at $5,696,000 after purchasing an additional 34,218 shares during the period. Sykon Capital LLC acquired a new position in Invesco S&P 500 Equal Weight Real Estate ETF in the fourth quarter valued at $898,000. Goldman Sachs Group Inc. lifted its position in Invesco S&P 500 Equal Weight Real Estate ETF by 159.3% during the first quarter. Goldman Sachs Group Inc. now owns 25,179 shares of the company’s stock worth $899,000 after buying an additional 15,467 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in Invesco S&P 500 Equal Weight Real Estate ETF during the fourth quarter worth about $356,000.

Invesco S&P 500 Equal Weight Real Estate ETF Company Profile

The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.