Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Unusually-High Trading Volume – Time to Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw an uptick in trading volume on Monday . 608,981 shares traded hands during mid-day trading, an increase of 1,031% from the previous session’s volume of 53,841 shares.The stock last traded at $51.05 and had previously closed at $50.94.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The company has a market cap of $648.37 million, a P/E ratio of 25.17 and a beta of 1.15. The business has a fifty day simple moving average of $51.40 and a 200 day simple moving average of $51.40.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 113.6% in the 3rd quarter. US Bancorp DE now owns 566 shares of the company’s stock valued at $29,000 after acquiring an additional 301 shares in the last quarter. TKG Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 5.3% in the third quarter. TKG Advisors LLC now owns 77,971 shares of the company’s stock valued at $3,993,000 after purchasing an additional 3,898 shares during the period. Financial Services Advisory Inc bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth about $894,000. Rovin Capital UT ADV boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 5.0% during the 3rd quarter. Rovin Capital UT ADV now owns 5,097 shares of the company’s stock worth $259,000 after purchasing an additional 242 shares in the last quarter. Finally, Comprehensive Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 6.9% in the third quarter. Comprehensive Wealth Management LLC now owns 26,275 shares of the company’s stock valued at $1,346,000 after buying an additional 1,699 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Company 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.