Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RGI) Shares Up 0.8%

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RGI)’s stock price shot up 0.8% during trading on Monday . The company traded as high as $189.80 and last traded at $189.57. 31,600 shares were traded during mid-day trading, an increase of 71% from the average session volume of 18,468 shares. The stock had previously closed at $188.06.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.35 and a beta of 1.27. The company has a 50 day simple moving average of $189.57.

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

A number of large investors have recently made changes to their positions in the company. Baker Avenue Asset Management LP bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 3rd quarter valued at about $6,298,000. Lido Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 812.0% during the 3rd quarter. Lido Advisors LLC now owns 71,380 shares of the company’s stock valued at $13,532,000 after buying an additional 63,553 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 49,233.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,440 shares of the company’s stock valued at $842,000 after buying an additional 4,431 shares in the last quarter. Private Advisory Group LLC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 367.6% during the 3rd quarter. Private Advisory Group LLC now owns 57,474 shares of the company’s stock valued at $10,895,000 after buying an additional 45,183 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 400.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 460 shares of the company’s stock valued at $87,000 after buying an additional 368 shares in the last quarter.

About Invesco S&P 500 Equal Weight Industrials ETF

Rydex S&P Equal Weight Industrials ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Industrials (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Industrials Index that consists of the common stocks of industries, such as aerospace and defense, building products, construction and engineering, electrical equipment, conglomerates, machinery, commercial services and supplies, air freight and logistics, airlines, and marine, road and rail transportation infrastructure that comprise the industrials sector of the S&P 500 Index.