ICA Group Wealth Management LLC Reduces Holdings in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

ICA Group Wealth Management LLC reduced its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 48.2% in the second quarter, Holdings Channel reports. The institutional investor owned 2,210 shares of the company’s stock after selling 2,058 shares during the period. ICA Group Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter valued at $40,000. Register Financial Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Industrials ETF during the first quarter valued at $57,000. Comprehensive Financial Consultants Institutional Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 12.6% in the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,937 shares of the company’s stock worth $224,000 after buying an additional 552 shares during the last quarter. Novak & Powell Financial Services Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter valued at about $215,000. Finally, Belpointe Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter worth about $241,000.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

Shares of NYSEARCA RSPN opened at $49.08 on Monday. Invesco S&P 500 Equal Weight Industrials ETF has a 1-year low of $36.04 and a 1-year high of $49.41. The business’s 50 day moving average is $47.43 and its two-hundred day moving average is $46.65. The stock has a market capitalization of $744.05 million, a P/E ratio of 22.62 and a beta of 1.24.

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.