Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sets New 12-Month High – Should You Buy?

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) reached a new 52-week high on Wednesday . The stock traded as high as $51.35 and last traded at $51.35, with a volume of 6510 shares traded. The stock had previously closed at $50.91.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The stock has a market cap of $776.80 million, a PE ratio of 22.62 and a beta of 1.24. The firm has a 50 day moving average of $48.69 and a two-hundred day moving average of $47.15.

Institutional Trading of Invesco S&P 500 Equal Weight Industrials ETF

Several institutional investors have recently modified their holdings of RSPN. Interchange Capital Partners LLC grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 3.8% during the 1st quarter. Interchange Capital Partners LLC now owns 14,850 shares of the company’s stock worth $728,000 after buying an additional 549 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its position in shares of 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 acquiring an additional 552 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1.3% in the 2nd quarter. Private Advisor Group LLC now owns 52,245 shares of the company’s stock valued at $2,372,000 after acquiring an additional 651 shares during the period. Astoria Portfolio Advisors LLC. raised its position in Invesco S&P 500 Equal Weight Industrials ETF by 12.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 6,718 shares of the company’s stock valued at $307,000 after purchasing an additional 766 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter worth $40,000.

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.