Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report)’s stock price dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $60.20 and last traded at $60.48. Approximately 243,464 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 164,359 shares. The stock had previously closed at $60.52.
Invesco S&P 500 Equal Weight Industrials ETF Price Performance
The firm has a market capitalization of $1.07 billion, a P/E ratio of 22.94 and a beta of 1.00. The business has a 50 day moving average price of $63.37 and a 200 day moving average price of $61.61.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in RSPN. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 671.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 87,252 shares of the company’s stock valued at $4,941,000 after buying an additional 75,939 shares during the period. Goldman Sachs Group Inc. grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 235.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock valued at $137,178,000 after acquiring an additional 1,700,000 shares during the period. Hills Bank & Trust Co acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter worth $1,209,000. Brian Low Financial Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the first quarter valued at $704,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 1st quarter valued at $14,320,000.
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.
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