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

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $61.50 and last traded at $61.15, with a volume of 15264 shares trading hands. The stock had previously closed at $60.72.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 0.4%

The company has a market capitalization of $936.16 million, a PE ratio of 22.94 and a beta of 1.09. The stock’s fifty day moving average is $58.07 and its two-hundred day moving average is $56.43.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CX Institutional boosted its stake 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 period. Advanced Asset Management Advisors Inc purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter worth about $62,000. Sound Income Strategies LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter worth about $103,000. Ameritas Advisory Services LLC bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the third quarter valued at approximately $97,000. Finally, AE Wealth Management LLC grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 12.9% during the second 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 in the last quarter.

About Invesco S&P 500 Equal Weight Industrials ETF

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.