Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Trading Up 1.4% – Should You Buy?

Shares of Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPSGet Free Report) traded up 1.4% during trading on Monday . The stock traded as high as $32.15 and last traded at $32.10. 141,360 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 97,718 shares. The stock had previously closed at $31.67.

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

The firm has a market capitalization of $264.82 million, a PE ratio of 17.33 and a beta of 0.42. The firm’s fifty day moving average is $30.73 and its two-hundred day moving average is $30.58.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Consumer Staples ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 34,542.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 922,175 shares of the company’s stock worth $26,771,000 after purchasing an additional 919,513 shares during the period. Consolidated Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter valued at about $1,737,000. Redstone Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter valued at about $678,000. Sunbeam Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter worth about $661,000. Finally, Cetera Investment Advisers boosted its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 14.3% in the first quarter. Cetera Investment Advisers now owns 200,974 shares of the company’s stock valued at $5,929,000 after acquiring an additional 25,206 shares during the last quarter.

Invesco S&P 500 Equal Weight Consumer Staples ETF Company Profile

(Get Free Report)

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

Further Reading

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