Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Strong Trading Volume – Here’s Why

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares saw an uptick in trading volume on Thursday . 35,644 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 51,057 shares.The stock last traded at $52.49 and had previously closed at $52.11.

Invesco S&P 500 Equal Weight Industrials ETF Stock Down 0.9 %

The stock has a market cap of $791.96 million, a P/E ratio of 22.62 and a beta of 1.24. The firm’s 50-day moving average is $52.27 and its two-hundred day moving average is $50.72.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

Hedge funds have recently bought and sold shares of the business. Kingsview Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 2.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 11,049 shares of the company’s stock worth $555,000 after buying an additional 218 shares during the last quarter. Rovin Capital UT ADV raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 5.0% in the 3rd quarter. Rovin Capital UT ADV now owns 5,097 shares of the company’s stock worth $259,000 after acquiring an additional 242 shares during the period. Walker Asset Management LLC raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.1% in the 4th quarter. Walker Asset Management LLC now owns 24,652 shares of the company’s stock worth $1,238,000 after acquiring an additional 264 shares during the period. US Bancorp DE lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 113.6% during the 3rd quarter. US Bancorp DE now owns 566 shares of the company’s stock worth $29,000 after acquiring an additional 301 shares during the last quarter. Finally, Friedenthal Financial boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.4% during the third quarter. Friedenthal Financial now owns 29,084 shares of the company’s stock valued at $1,489,000 after acquiring an additional 406 shares during the period.

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.