Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Shares Cross Above 200 Day Moving Average – What’s Next?

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $55.65 and traded as high as $55.87. Invesco S&P 500 Equal Weight Consumer Discretionary ETF shares last traded at $55.85, with a volume of 92,703 shares trading hands.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Price Performance

The business has a 50 day moving average price of $53.97 and a 200 day moving average price of $55.63. The firm has a market capitalization of $275.53 million, a P/E ratio of 17.03 and a beta of 1.11.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Miller Howard Investments Inc. NY acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter worth about $9,171,000. TD Waterhouse Canada Inc. bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter valued at about $3,265,000. Farther Finance Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 3rd quarter valued at approximately $2,717,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 5.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 871,842 shares of the company’s stock valued at $46,668,000 after acquiring an additional 47,490 shares in the last quarter. Finally, Carnegie Investment Counsel acquired a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 3rd quarter valued at approximately $1,458,000.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks an equal-weighted index of large-cap US Consumer Discretionary stocks drawn from the S&P 500. RSPD was launched on Nov 1, 2006 and is managed by Invesco.