Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Shares Down 0.9% – Here’s What Happened

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS)’s share price was down 0.9% on Tuesday . The stock traded as low as $30.00 and last traded at $30.08. Approximately 7,016,504 shares traded hands during mid-day trading, an increase of 5,129% from the average session volume of 134,183 shares. The stock had previously closed at $30.35.

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

The company has a market cap of $210.62 million, a price-to-earnings ratio of 17.33 and a beta of 0.42. The firm has a 50-day moving average price of $30.91 and a 200 day moving average price of $30.35.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the second quarter valued at about $39,000. Strive Financial Group LLC increased its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 7.2% during the second 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 period. Walker Asset Management LLC raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 5.6% in the 2nd quarter. Walker Asset Management LLC now owns 19,574 shares of the company’s stock worth $587,000 after purchasing an additional 1,030 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 1st quarter worth about $53,000. Finally, Bank of America Corp DE boosted its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.6% in the 1st quarter. Bank of America Corp DE now owns 298,298 shares of the company’s stock valued at $8,800,000 after purchasing an additional 40,189 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.