Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Reaches New 52-Week High – Still a Buy?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares reached a new 52-week high on Wednesday . The stock traded as high as $53.88 and last traded at $53.88, with a volume of 7154 shares. The stock had previously closed at $52.14.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The company’s 50-day moving average is $50.67 and its two-hundred day moving average is $47.95. The firm has a market cap of $826.98 million, a P/E ratio of 22.62 and a beta of 1.24.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its position in Invesco S&P 500 Equal Weight Industrials ETF by 113.6% during 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. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the second quarter worth about $40,000. Comprehensive Financial Consultants Institutional Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 12.6% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,937 shares of the company’s stock worth $224,000 after acquiring an additional 552 shares during the last quarter. Rovin Capital UT ADV lifted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 5.0% in the third quarter. Rovin Capital UT ADV now owns 5,097 shares of the company’s stock worth $259,000 after acquiring an additional 242 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the first quarter worth about $331,000.

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.