Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Unusually-High Trading Volume – Still a Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares saw unusually-high trading volume on Thursday . Approximately 201,479 shares traded hands during mid-day trading, an increase of 164% from the previous session’s volume of 76,448 shares.The stock last traded at $55.7570 and had previously closed at $55.78.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The company has a market capitalization of $689.00 million, a PE ratio of 22.94 and a beta of 1.09. The firm’s 50-day simple moving average is $55.76 and its 200 day simple moving average is $54.31.

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

Hedge funds have recently made changes to their positions in the business. CX Institutional increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 291.3% during the third quarter. CX Institutional now owns 587 shares of the company’s stock worth $33,000 after purchasing an additional 437 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 1st quarter valued at about $47,000. US Bancorp DE grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 53.5% during the 1st quarter. US Bancorp DE now owns 1,107 shares of the company’s stock worth $54,000 after purchasing an additional 386 shares during the period. Salem Investment Counselors Inc. acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter worth approximately $80,000. Finally, Ameritas Advisory Services LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the third quarter valued at approximately $97,000.

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.