NewEdge Advisors LLC Sells 80,244 Shares of Invesco S&P 500 Equal Weight Industrials ETF $RSPN

NewEdge Advisors LLC reduced its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 31.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,624 shares of the company’s stock after selling 80,244 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $9,997,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Graham Capital Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter worth about $3,496,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 671.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 87,252 shares of the company’s stock valued at $4,941,000 after purchasing an additional 75,939 shares during the last quarter. Hills Bank & Trust Co acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter worth approximately $1,209,000. Goldman Sachs Group Inc. raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 235.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock worth $137,178,000 after purchasing an additional 1,700,000 shares during the period. Finally, Brian Low Financial Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 1st quarter worth approximately $704,000.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

NYSEARCA:RSPN opened at $62.35 on Friday. Invesco S&P 500 Equal Weight Industrials ETF has a 12-month low of $53.47 and a 12-month high of $64.50. The firm has a market capitalization of $1.08 billion, a P/E ratio of 22.94 and a beta of 1.00. The business has a 50 day simple moving average of $62.38 and a 200 day simple moving average of $61.19.

Invesco S&P 500 Equal Weight Industrials ETF Profile

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.