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

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw an uptick in trading volume on Friday . 664,642 shares were traded 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 Stock Performance

The stock has a fifty day simple moving average of $57.84 and a two-hundred day simple moving average of $56.33. The stock has a market capitalization of $919.33 million, a price-to-earnings ratio of 22.94 and a beta of 1.09.

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

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 11.1% during 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 during the period. Affinity Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 0.7% during the 4th quarter. Affinity Wealth Management LLC now owns 633,237 shares of the company’s stock worth $35,860,000 after buying an additional 4,606 shares during the period. Ameriprise Financial Inc. boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 275,182 shares of the company’s stock worth $15,425,000 after acquiring an additional 2,843 shares in the last quarter. NewEdge Advisors LLC grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 0.6% in the third quarter. NewEdge Advisors LLC now owns 257,564 shares of the company’s stock valued at $14,449,000 after acquiring an additional 1,450 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 3.3% during the third quarter. Raymond James Financial Inc. now owns 234,668 shares of the company’s stock valued at $13,165,000 after acquiring an additional 7,572 shares in the last quarter.

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.