Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Strong Trading Volume – Time to Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw strong trading volume on Monday . 141,941 shares changed hands during trading, an increase of 166% from the previous session’s volume of 53,375 shares.The stock last traded at $50.60 and had previously closed at $50.56.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The company has a market capitalization of $764.22 million, a price-to-earnings ratio of 22.62 and a beta of 1.24. The business has a 50-day simple moving average of $51.48 and a two-hundred day simple moving average of $51.26.

Institutional Trading of Invesco S&P 500 Equal Weight Industrials ETF

Several hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its position in shares of 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 purchasing an additional 301 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 22.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,225 shares of the company’s stock valued at $61,000 after acquiring an additional 225 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 3rd quarter worth approximately $247,000. Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 10.6% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,085 shares of the company’s stock worth $255,000 after acquiring an additional 488 shares in the last quarter. Finally, Rovin Capital UT ADV grew its holdings in shares of 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.

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.