Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Strong Trading Volume – Here’s Why

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPNGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 104,569 shares were traded during trading, an increase of 51% from the previous session’s volume of 69,418 shares.The stock last traded at $60.0650 and had previously closed at $59.71.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The stock has a market capitalization of $917.79 million, a price-to-earnings ratio of 22.94 and a beta of 1.09. The company has a 50-day simple moving average of $56.74 and a two-hundred day simple moving average of $55.93.

Institutional Trading of Invesco S&P 500 Equal Weight Industrials ETF

Several hedge funds have recently bought and sold shares of RSPN. CX Institutional grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 291.3% in the 3rd quarter. CX Institutional now owns 587 shares of the company’s stock worth $33,000 after purchasing an additional 437 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the third quarter worth approximately $97,000. AE Wealth Management LLC grew 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 worth $106,000 after buying an additional 225 shares in the last quarter. CWM LLC grew its holdings 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 buying an additional 2,515 shares in the last quarter. Finally, Silver Oak Securities Incorporated acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 2nd quarter valued at approximately $201,000.

Invesco S&P 500 Equal Weight Industrials ETF Company Profile

(Get Free Report)

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.

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