Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Stock Price Down 1.5% – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) were down 1.5% on Friday . The stock traded as low as $59.59 and last traded at $59.65. Approximately 23,499 shares changed hands during trading, a decline of 88% from the average daily volume of 200,327 shares. The stock had previously closed at $60.54.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The firm’s 50-day moving average price is $59.67 and its two-hundred day moving average price is $58.95. The stock has a market cap of $968.12 million, a price-to-earnings ratio of 22.94 and a beta of 1.03.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. IFC & Insurance Marketing Inc. acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter valued at about $33,000. Advanced Asset Management Advisors Inc acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter valued at about $62,000. Ameritas Advisory Services LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the third quarter valued at about $97,000. Finally, Sound Income Strategies LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter valued at about $103,000.

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.