Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Hits New 12-Month High – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) reached a new 52-week high on Tuesday . The company traded as high as $64.66 and last traded at $64.63, with a volume of 23118 shares changing hands. The stock had previously closed at $63.80.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 2.1%

The stock has a market capitalization of $1.13 billion, a P/E ratio of 22.94 and a beta of 1.00. The company has a 50-day moving average price of $62.51 and a two-hundred day moving average price of $61.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1,022,039.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,831,327 shares of the company’s stock worth $160,338,000 after buying an additional 2,831,050 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 235.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock worth $137,178,000 after purchasing an additional 1,700,000 shares during the last quarter. Bank of America Corp DE increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 3.1% in the first quarter. Bank of America Corp DE now owns 973,290 shares of the company’s stock valued at $56,042,000 after acquiring an additional 29,387 shares during the period. Annex Advisory Services LLC bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter valued at approximately $33,819,000. Finally, Royal Bank of Canada lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 367.2% in the first quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock worth $27,059,000 after buying an additional 369,358 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.