Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) Trading 1.2% Higher – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) rose 1.2% on Wednesday . The company traded as high as $36.71 and last traded at $36.69. 6,461 shares were traded during trading, a decline of 53% from the average daily volume of 13,816 shares. The stock had previously closed at $36.26.

Invesco S&P 500 Equal Weight Real Estate ETF Stock Down 0.2%

The stock has a market cap of $101.43 million, a P/E ratio of 37.16 and a beta of 0.92. The firm has a 50 day simple moving average of $36.84 and a 200-day simple moving average of $35.75.

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

A number of hedge funds and other institutional investors have recently modified their holdings of RSPR. IFP Advisors Inc grew its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 19.8% during the fourth quarter. IFP Advisors Inc now owns 281,946 shares of the company’s stock worth $9,482,000 after buying an additional 46,630 shares in the last quarter. Bank of America Corp DE increased its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 65.1% in the first quarter. Bank of America Corp DE now owns 105,006 shares of the company’s stock valued at $3,484,000 after acquiring an additional 41,412 shares during the last quarter. Raymond James Financial Inc. raised its position in Invesco S&P 500 Equal Weight Real Estate ETF by 27.1% during the third quarter. Raymond James Financial Inc. now owns 160,659 shares of the company’s stock valued at $5,696,000 after purchasing an additional 34,218 shares in the last quarter. Sykon Capital LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF during the 4th quarter worth $898,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 159.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 25,179 shares of the company’s stock valued at $899,000 after purchasing an additional 15,467 shares during the last quarter.

Invesco S&P 500 Equal Weight Real Estate ETF Company Profile

The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.