NewEdge Advisors LLC Sells 80,244 Shares of Invesco S&P 500 Equal Weight Industrials ETF $RSPN

NewEdge Advisors LLC decreased its holdings in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 31.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 173,624 shares of the company’s stock after selling 80,244 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $9,997,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1,022,039.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,831,327 shares of the company’s stock valued at $160,338,000 after acquiring an additional 2,831,050 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 235.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock valued at $137,178,000 after purchasing an additional 1,700,000 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 367.2% during the first quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock valued at $27,059,000 after purchasing an additional 369,358 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Invesco S&P 500 Equal Weight Industrials ETF during the first quarter valued at approximately $14,320,000. Finally, Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 11.1% during the third quarter. Bank of America Corp DE now owns 908,585 shares of the company’s stock valued at $50,972,000 after purchasing an additional 90,512 shares during the period.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

Shares of RSPN opened at $64.78 on Monday. Invesco S&P 500 Equal Weight Industrials ETF has a one year low of $53.47 and a one year high of $65.49. The firm has a market capitalization of $1.14 billion, a P/E ratio of 22.94 and a beta of 1.00. The business has a fifty day moving average of $62.83 and a 200 day moving average of $61.35.

Invesco S&P 500 Equal Weight Industrials ETF 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.