Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Shares Down 0.4% – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) traded down 0.4% on Tuesday . The stock traded as low as $55.70 and last traded at $56.00. Approximately 79,474 shares were traded during mid-day trading, an increase of 41% from the average session volume of 56,431 shares. The stock had previously closed at $56.24.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Performance

The company has a market capitalization of $309.18 million, a PE ratio of 17.03 and a beta of 1.09. The stock’s fifty day simple moving average is $54.85 and its 200-day simple moving average is $56.39.

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

Several institutional investors and hedge funds have recently modified their holdings of RSPD. Ameriprise Financial Inc. boosted its position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 3.7% during the third quarter. Ameriprise Financial Inc. now owns 5,812 shares of the company’s stock worth $335,000 after acquiring an additional 210 shares during the last quarter. Asset Dedication LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 3rd quarter worth $26,000. Fifth Third Bancorp purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 1st quarter worth $26,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter worth $29,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 0.9% during the fourth quarter. Farther Finance Advisors LLC now owns 54,589 shares of the company’s stock worth $3,113,000 after purchasing an additional 503 shares during the last quarter.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

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