Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Large Volume Increase

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw strong trading volume on Thursday . 278,278 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 98,214 shares.The stock last traded at $45.75 and had previously closed at $45.84.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 0.2 %

The firm has a market capitalization of $687.72 million, a PE ratio of 23.15 and a beta of 1.25. The firm’s 50 day moving average price is $46.16 and its two-hundred day moving average price is $42.72.

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

A number of institutional investors and hedge funds have recently modified their holdings of RSPN. Meitav Investment House Ltd. acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter worth $40,854,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at about $25,462,000. Affinity Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at about $22,713,000. Davis Investment Partners LLC bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at about $13,905,000. Finally, Wells Fargo & Company MN bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at about $12,257,000.

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.