US Bancorp DE Raises Position in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

US Bancorp DE raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 113.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 566 shares of the company’s stock after buying an additional 301 shares during the quarter. US Bancorp DE’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and 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 about $40,000. Comprehensive Financial Consultants Institutional Inc. raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 12.6% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,937 shares of the company’s stock valued at $224,000 after purchasing an additional 552 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the first quarter valued at approximately $331,000. Cedrus LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth approximately $333,000. Finally, SteelPeak Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 2nd quarter worth approximately $388,000.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

Invesco S&P 500 Equal Weight Industrials ETF stock opened at $53.16 on Tuesday. Invesco S&P 500 Equal Weight Industrials ETF has a fifty-two week low of $39.59 and a fifty-two week high of $55.27. The stock has a market cap of $805.91 million, a P/E ratio of 22.62 and a beta of 1.24. The firm’s fifty day moving average price is $51.37 and its 200-day moving average price is $48.34.

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.