Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Hits New 52-Week High at $47.93

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.93 and last traded at $47.87, with a volume of 14421 shares changing hands. The stock had previously closed at $46.84.

Invesco S&P 500 Equal Weight Industrials ETF Stock Down 0.9 %

The firm has a market capitalization of $715.25 million, a PE ratio of 22.62 and a beta of 1.24. The business has a 50-day moving average price of $46.12 and a 200-day moving average price of $45.40.

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

Hedge funds have recently modified their holdings of the company. MTM Investment Management LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at about $29,000. CWM LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter worth approximately $36,000. Register Financial Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the first quarter worth $57,000. Key Financial Inc acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter worth $109,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter valued at $122,000.

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.