Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares saw strong trading volume on Friday . 59,171 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 53,797 shares.The stock last traded at $50.21 and had previously closed at $49.93.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 1.0 %

The company has a market cap of $764.52 million, a P/E ratio of 22.62 and a beta of 1.24. The stock’s 50-day moving average price is $52.77 and its 200-day moving average price is $49.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RSPN. NewEdge Advisors LLC lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 5,760.2% in the second quarter. NewEdge Advisors LLC now owns 281,524 shares of the company’s stock valued at $12,784,000 after purchasing an additional 276,720 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 2.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 138,486 shares of the company’s stock worth $7,092,000 after buying an additional 3,895 shares during the last quarter. TKG Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 5.3% during the third quarter. TKG Advisors LLC now owns 77,971 shares of the company’s stock valued at $3,993,000 after buying an additional 3,898 shares during the last quarter. Private Advisory Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 2.2% in the 3rd quarter. Private Advisory Group LLC now owns 68,339 shares of the company’s stock worth $3,500,000 after purchasing an additional 1,492 shares during the period. Finally, Private Advisor Group LLC grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 1.3% during the second quarter. Private Advisor Group LLC now owns 52,245 shares of the company’s stock valued at $2,372,000 after buying an additional 651 shares during the period.

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.