Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Strong Trading Volume – Time to Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw an uptick in trading volume on Tuesday . 1,220,355 shares traded hands during trading, an increase of 452% from the previous session’s volume of 221,076 shares.The stock last traded at $63.0540 and had previously closed at $62.84.

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

The company has a market cap of $967.05 million, a PE ratio of 22.94 and a beta of 1.09. The stock has a 50 day moving average price of $59.74 and a 200 day moving average price of $57.07.

Institutional Trading of Invesco S&P 500 Equal Weight Industrials ETF

A number of hedge funds and other institutional investors have recently modified their holdings of RSPN. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 1,022,039.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,831,327 shares of the company’s stock valued at $160,338,000 after acquiring an additional 2,831,050 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 235.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock worth $137,178,000 after buying an additional 1,700,000 shares during the last quarter. RFP Financial Group LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF during the third quarter valued at $8,500,000. Bank of America Corp DE boosted its holdings in 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 in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 55.6% in the second quarter. Raymond James Financial Inc. now owns 227,096 shares of the company’s stock worth $12,156,000 after acquiring an additional 81,168 shares during the last quarter.

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.