Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sets New 52-Week High – Time to Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $63.50 and last traded at $62.67, with a volume of 531 shares. The stock had previously closed at $62.95.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 0.1%

The firm has a market capitalization of $962.30 million, a price-to-earnings ratio of 22.94 and a beta of 1.09. The company’s fifty day moving average is $58.55 and its two-hundred day moving average is $56.62.

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

A number of institutional investors have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.3% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 12,532 shares of the company’s stock valued at $710,000 after purchasing an additional 163 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 12.9% during 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 during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 129,299 shares of the company’s stock valued at $7,246,000 after acquiring an additional 338 shares during the last quarter. Truist Financial Corp boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 3.7% during the 3rd quarter. Truist Financial Corp now owns 9,522 shares of the company’s stock worth $534,000 after acquiring an additional 339 shares during the last quarter. Finally, Harbor Asset Planning Inc. boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 0.8% during the 3rd quarter. Harbor Asset Planning Inc. now owns 49,758 shares of the company’s stock worth $2,792,000 after acquiring an additional 412 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Company 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.