Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Reaches New 1-Year High – Should You Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares reached a new 52-week high on Thursday . The stock traded as high as $64.39 and last traded at $64.29, with a volume of 2880 shares trading hands. The stock had previously closed at $62.61.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 1.8%

The stock’s 50-day moving average is $60.97 and its 200-day moving average is $60.11. The firm has a market cap of $1.03 billion, a P/E ratio of 22.94 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RSPN. IFC & Insurance Marketing Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter worth approximately $33,000. Advanced Asset Management Advisors Inc bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at approximately $62,000. Sound Income Strategies LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at approximately $103,000. Finally, CWM LLC raised its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 24.2% in the fourth quarter. CWM LLC now owns 3,218 shares of the company’s stock valued at $182,000 after purchasing an additional 628 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.