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 strong trading volume on Friday . 59,171 shares changed hands during trading, an increase of 10% from the previous session’s volume of 53,797 shares.The stock last traded at $50.21 and had previously closed at $49.93.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The stock’s 50 day moving average is $52.76 and its 200-day moving average is $49.86. The company has a market capitalization of $764.52 million, a P/E ratio of 22.62 and a beta of 1.24.

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

A number of institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 113.6% in the third quarter. US Bancorp DE now owns 566 shares of the company’s stock worth $29,000 after purchasing an additional 301 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth approximately $247,000. Rovin Capital UT ADV increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 5.0% during the 3rd quarter. Rovin Capital UT ADV now owns 5,097 shares of the company’s stock valued at $259,000 after buying an additional 242 shares in the last quarter. Cedrus LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF during the third quarter valued at $333,000. Finally, World Investment Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 41.4% in the third quarter. World Investment Advisors LLC now owns 7,000 shares of the company’s stock worth $358,000 after acquiring an additional 2,050 shares in the last quarter.

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.