Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) Shares Down 0.3% – Should You Sell?

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE)’s stock price traded down 0.3% during trading on Tuesday. The company traded as low as $35.06 and last traded at $35.08. Approximately 1,752 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 11,551 shares. The stock had previously closed at $35.18.

Invesco ESG S&P 500 Equal Weight ETF Price Performance

The stock has a market capitalization of $75.01 million, a P/E ratio of 19.91 and a beta of 0.95. The company has a fifty day moving average of $34.37 and a two-hundred day moving average of $32.80.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Sepio Capital LP lifted its stake in Invesco ESG S&P 500 Equal Weight ETF by 3.3% during the third quarter. Sepio Capital LP now owns 22,858 shares of the company’s stock worth $765,000 after purchasing an additional 737 shares during the last quarter. Bank of America Corp DE boosted its holdings in Invesco ESG S&P 500 Equal Weight ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 26,505 shares of the company’s stock worth $780,000 after purchasing an additional 1,732 shares during the period. Community Financial Services Group LLC boosted its holdings in Invesco ESG S&P 500 Equal Weight ETF by 101.7% in the second quarter. Community Financial Services Group LLC now owns 12,379 shares of the company’s stock worth $421,000 after purchasing an additional 6,241 shares during the period. Pekin Hardy Strauss Inc. bought a new stake in Invesco ESG S&P 500 Equal Weight ETF during the third quarter valued at $251,000. Finally, Bond & Devick Financial Network Inc. increased its stake in Invesco ESG S&P 500 Equal Weight ETF by 54.9% during the third quarter. Bond & Devick Financial Network Inc. now owns 24,836 shares of the company’s stock valued at $831,000 after purchasing an additional 8,805 shares during the last quarter.

Invesco ESG S&P 500 Equal Weight ETF Company Profile

The Invesco ESG S&P 500 Equal Weight ETF (RSPE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of S&P 500 companies that exhibit environmental, social, and governance (ESG) characteristics. RSPE was launched on Nov 17, 2021 and is managed by Invesco.