Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Hits New 52-Week High – Time to 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 $64.57 and last traded at $60.0090, with a volume of 434 shares. The stock had previously closed at $60.24.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The firm has a market capitalization of $919.33 million, a PE ratio of 22.94 and a beta of 1.09. The company’s fifty day simple moving average is $57.84 and its 200 day simple moving average is $56.33.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

Several hedge funds have recently bought and sold shares of RSPN. Silver Oak Securities Incorporated raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 263.8% in the third quarter. Silver Oak Securities Incorporated now owns 13,693 shares of the company’s stock worth $768,000 after buying an additional 9,929 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 17.4% in the 2nd quarter. Osaic Holdings Inc. now owns 60,302 shares of the company’s stock valued at $3,228,000 after acquiring an additional 8,931 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 116.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,458 shares of the company’s stock valued at $988,000 after acquiring an additional 9,928 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 60.1% during the second quarter. Private Trust Co. NA now owns 11,984 shares of the company’s stock worth $642,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 25.8% in the second quarter. Atria Wealth Solutions Inc. now owns 17,689 shares of the company’s stock worth $965,000 after purchasing an additional 3,629 shares during 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.