Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Strong Trading Volume – Should You Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw unusually-high trading volume on Wednesday . Approximately 202,755 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 196,583 shares.The stock last traded at $61.53 and had previously closed at $62.04.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

The stock has a market cap of $1.00 billion, a PE ratio of 22.94 and a beta of 1.01. The stock has a fifty day simple moving average of $60.37 and a two-hundred day simple moving average of $59.69.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 3.1% in the 1st quarter. Bank of America Corp DE now owns 973,290 shares of the company’s stock worth $56,042,000 after acquiring an additional 29,387 shares during the period. Royal Bank of Canada boosted its holdings 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 worth $27,059,000 after acquiring an additional 369,358 shares during the period. Quantinno Capital Management LP purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 1st quarter worth approximately $238,000. Blue Chip Partners LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 1st quarter worth approximately $822,000. Finally, Lido Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.8% in the 1st quarter. Lido Advisors LLC now owns 21,435 shares of the company’s stock worth $1,234,000 after acquiring an additional 369 shares during the period.

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.