Brian Low Financial Group LLC Makes New Investment in Invesco S&P 500 Equal Weight Industrials ETF $RSPN

Brian Low Financial Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,223 shares of the company’s stock, valued at approximately $704,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.8% in the 1st quarter. Royal Bank of Canada now owns 173,328 shares of the company’s stock worth $8,482,000 after purchasing an additional 1,458 shares during the period. Brown Advisory Inc. raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 6.8% during the 2nd quarter. Brown Advisory Inc. now owns 15,750 shares of the company’s stock valued at $843,000 after buying an additional 1,000 shares during the period. Quantinno Capital Management LP bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the second quarter worth $388,000. Raymond James Financial Inc. boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 55.6% during the second quarter. Raymond James Financial Inc. now owns 227,096 shares of the company’s stock worth $12,156,000 after buying an additional 81,168 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 272,339 shares of the company’s stock valued at $14,578,000 after acquiring an additional 12,294 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 1.5%

Shares of RSPN opened at $62.61 on Thursday. The company’s fifty day simple moving average is $60.97 and its 200-day simple moving average is $60.11. The company has a market cap of $1.02 billion, a P/E ratio of 22.94 and a beta of 1.01. Invesco S&P 500 Equal Weight Industrials ETF has a twelve month low of $52.28 and a twelve month high of $64.16.

Invesco S&P 500 Equal Weight Industrials ETF 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.