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) saw strong trading volume on Friday . 664,642 shares changed hands during trading, an increase of 434% from the previous session’s volume of 124,539 shares.The stock last traded at $59.8690 and had previously closed at $60.24.

Invesco S&P 500 Equal Weight Industrials ETF Trading Down 0.4%

The business’s 50 day simple moving average is $57.95 and its 200 day simple moving average is $56.38. The firm has a market capitalization of $921.29 million, a PE ratio of 22.94 and a beta of 1.09.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RFP Financial Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter valued at approximately $8,500,000. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 11.1% in the third quarter. Bank of America Corp DE now owns 908,585 shares of the company’s stock worth $50,972,000 after buying an additional 90,512 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 110.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 159,001 shares of the company’s stock worth $8,511,000 after buying an additional 83,393 shares during the period. Raymond James Financial Inc. increased its position 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 valued at $12,156,000 after acquiring an additional 81,168 shares during the last quarter. Finally, Graham Capital Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at $3,496,000.

About Invesco S&P 500 Equal Weight Industrials ETF

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.