Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Trading Up 1.4% – Here’s What Happened

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS)’s share price traded up 1.4% during trading on Monday . The stock traded as high as $32.15 and last traded at $32.10. 141,360 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 97,718 shares. The stock had previously closed at $31.67.

Invesco S&P 500 Equal Weight Consumer Staples ETF Price Performance

The firm has a fifty day simple moving average of $30.73 and a two-hundred day simple moving average of $30.58. The firm has a market capitalization of $264.82 million, a P/E ratio of 17.33 and a beta of 0.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RSPS. Strive Financial Group LLC increased its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 7.2% in the 2nd quarter. Strive Financial Group LLC now owns 10,040 shares of the company’s stock worth $301,000 after acquiring an additional 678 shares during the last quarter. Walker Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 5.6% during the second quarter. Walker Asset Management LLC now owns 19,574 shares of the company’s stock valued at $587,000 after purchasing an additional 1,030 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter valued at about $53,000. Bank of America Corp DE boosted its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.6% during the first quarter. Bank of America Corp DE now owns 298,298 shares of the company’s stock worth $8,800,000 after purchasing an additional 40,189 shares during the period. Finally, Royal Bank of Canada boosted its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 45.1% during the first quarter. Royal Bank of Canada now owns 20,784 shares of the company’s stock worth $614,000 after purchasing an additional 6,461 shares during the period.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

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