Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Reaches New 1-Year High – Still a Buy?

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) hit a new 52-week high on Monday . The stock traded as high as $63.50 and last traded at $62.67, with a volume of 531 shares. The stock had previously closed at $62.95.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The business’s 50 day moving average price is $58.55 and its 200-day moving average price is $56.62. The firm has a market cap of $962.30 million, a price-to-earnings ratio of 22.94 and a beta of 1.09.

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

Institutional investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1.3% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 12,532 shares of the company’s stock valued at $710,000 after acquiring an additional 163 shares in the last quarter. AE Wealth Management LLC increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 12.9% during the second quarter. AE Wealth Management LLC now owns 1,972 shares of the company’s stock valued at $106,000 after purchasing an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 129,299 shares of the company’s stock worth $7,246,000 after purchasing an additional 338 shares during the period. Truist Financial Corp raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 3.7% during the third quarter. Truist Financial Corp now owns 9,522 shares of the company’s stock worth $534,000 after purchasing an additional 339 shares during the period. Finally, Harbor Asset Planning Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.8% in the 3rd quarter. Harbor Asset Planning Inc. now owns 49,758 shares of the company’s stock worth $2,792,000 after buying an additional 412 shares during the last quarter.

About Invesco S&P 500 Equal Weight Industrials ETF

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.