Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Reaches New 52-Week High – Here’s What Happened

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $64.39 and last traded at $64.29, with a volume of 2880 shares trading hands. The stock had previously closed at $62.61.

Invesco S&P 500 Equal Weight Industrials ETF Stock Down 0.8%

The company has a market cap of $1.03 billion, a P/E ratio of 22.94 and a beta of 1.01. The firm has a 50 day moving average of $61.09 and a 200-day moving average of $60.18.

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

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1,022,039.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,831,327 shares of the company’s stock valued at $160,338,000 after buying an additional 2,831,050 shares during the period. Goldman Sachs Group Inc. raised 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 valued at $137,178,000 after acquiring an additional 1,700,000 shares in the last quarter. Bank of America Corp DE lifted its stake in 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 worth $56,042,000 after acquiring an additional 29,387 shares during the period. Affinity Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.7% during the fourth quarter. Affinity Wealth Management LLC now owns 633,237 shares of the company’s stock valued at $35,860,000 after purchasing an additional 4,606 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 367.2% during the first quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock valued at $27,059,000 after buying an additional 369,358 shares during the last quarter.

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.