Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sets New 12-Month High – What’s Next?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.50 and last traded at $61.15, with a volume of 15264 shares. The stock had previously closed at $60.72.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The company has a market cap of $936.16 million, a price-to-earnings ratio of 22.94 and a beta of 1.09. The company’s fifty day moving average is $58.07 and its two-hundred day moving average is $56.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. RFP Financial Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the third quarter worth about $8,500,000. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 11.1% in the third quarter. Bank of America Corp DE now owns 908,585 shares of the company’s stock worth $50,972,000 after acquiring an additional 90,512 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 55.6% during the 2nd quarter. Raymond James Financial Inc. now owns 227,096 shares of the company’s stock worth $12,156,000 after purchasing an additional 81,168 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter worth about $3,496,000. Finally, Harbor Asset Planning Inc. purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter valued at about $2,641,000.

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.