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 Tuesday . 104,569 shares changed hands during trading, an increase of 51% from the previous session’s volume of 69,418 shares.The stock last traded at $60.0650 and had previously closed at $59.71.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 0.3%

The stock has a market capitalization of $901.27 million, a PE ratio of 22.94 and a beta of 1.09. The business’s 50 day moving average is $56.45 and its 200 day moving average is $55.82.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. AE Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 12.9% during the 2nd quarter. AE Wealth Management LLC now owns 1,972 shares of the company’s stock worth $106,000 after acquiring an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 129,299 shares of the company’s stock worth $7,246,000 after purchasing an additional 338 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 3.7% during the third quarter. Truist Financial Corp now owns 9,522 shares of the company’s stock valued at $534,000 after purchasing an additional 339 shares during the period. Harbor Asset Planning Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.8% in the third quarter. Harbor Asset Planning Inc. now owns 49,758 shares of the company’s stock worth $2,792,000 after purchasing an additional 412 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1.2% in the 3rd quarter. National Bank of Canada FI now owns 34,794 shares of the company’s stock worth $1,952,000 after buying an additional 416 shares during the period.

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.