Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Stock Price Down 0.1% – Time to Sell?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) dropped 0.1% on Wednesday . The stock traded as low as $60.20 and last traded at $60.48. Approximately 243,464 shares were traded during trading, an increase of 48% from the average daily volume of 164,359 shares. The stock had previously closed at $60.52.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The company has a market cap of $1.07 billion, a P/E ratio of 22.94 and a beta of 1.00. The firm has a 50 day moving average price of $63.37 and a 200-day moving average price of $61.61.

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

A number of large investors have recently added to or reduced their stakes in RSPN. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1,022,039.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,831,327 shares of the company’s stock valued at $160,338,000 after purchasing an additional 2,831,050 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 235.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock worth $137,178,000 after buying an additional 1,700,000 shares during the period. Annex Advisory Services LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 2nd quarter valued at $33,819,000. Royal Bank of Canada grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 367.2% in the 1st quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock valued at $27,059,000 after buying an additional 369,358 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 1st quarter worth $14,320,000.

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.