Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw an uptick in trading volume on Wednesday . 146,311 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 120,557 shares.The stock last traded at $60.5140 and had previously closed at $59.63.

Invesco S&P 500 Equal Weight Industrials ETF Stock Down 0.8%

The stock has a market cap of $920.18 million, a P/E ratio of 22.94 and a beta of 1.09. The stock has a fifty day simple moving average of $57.35 and a 200-day simple moving average of $56.19.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake 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 valued at $50,972,000 after purchasing an additional 90,512 shares in the last quarter. Affinity Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.7% in the 4th quarter. Affinity Wealth Management LLC now owns 633,237 shares of the company’s stock valued at $35,860,000 after buying an additional 4,606 shares during the period. Ameriprise Financial Inc. increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 275,182 shares of the company’s stock valued at $15,425,000 after buying an additional 2,843 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.6% in the 3rd quarter. NewEdge Advisors LLC now owns 257,564 shares of the company’s stock valued at $14,449,000 after buying an additional 1,450 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 3.3% during the 3rd quarter. Raymond James Financial Inc. now owns 234,668 shares of the company’s stock worth $13,165,000 after buying an additional 7,572 shares during the period.

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.