SteelPeak Wealth LLC reduced its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Free Report) by 14.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,350 shares of the company’s stock after selling 1,200 shares during the quarter. SteelPeak Wealth LLC’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $376,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 18.0% during the first quarter. Oppenheimer & Co. Inc. now owns 35,370 shares of the company’s stock worth $1,688,000 after buying an additional 5,406 shares during the period. Kingsview Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the first quarter worth about $331,000. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the second quarter worth about $40,000. Comprehensive Financial Consultants Institutional Inc. grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 12.6% during the second 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 period. Finally, Osaic Holdings Inc. grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 6.8% during the first quarter. Osaic Holdings Inc. now owns 168,988 shares of the company’s stock worth $8,062,000 after buying an additional 10,819 shares during the period.
Invesco S&P 500 Equal Weight Industrials ETF Price Performance
RSPN stock opened at $51.03 on Friday. The company’s 50 day simple moving average is $50.30 and its 200-day simple moving average is $47.71. The firm has a market capitalization of $773.61 million, a PE ratio of 22.62 and a beta of 1.24. Invesco S&P 500 Equal Weight Industrials ETF has a 12 month low of $36.51 and a 12 month high of $52.61.
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.
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