Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw unusually-strong trading volume on Wednesday . Approximately 139,661 shares were traded during trading, an increase of 81% from the previous session’s volume of 77,284 shares.The stock last traded at $43.37 and had previously closed at $43.34.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The company’s 50 day moving average is $49.84 and its two-hundred day moving average is $51.36. The firm has a market cap of $569.54 million, a P/E ratio of 21.33 and a beta of 1.09.

Invesco S&P 500 Equal Weight Industrials ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1112 per share. This is an increase from Invesco S&P 500 Equal Weight Industrials ETF’s previous dividend of $0.11. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 22.5% in the fourth quarter. CoreCap Advisors LLC now owns 1,225 shares of the company’s stock worth $61,000 after acquiring an additional 225 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter valued at approximately $247,000. Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 10.6% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,085 shares of the company’s stock worth $255,000 after buying an additional 488 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter valued at $314,000. Finally, Mariner LLC increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 8.3% during the fourth quarter. Mariner LLC now owns 6,959 shares of the company’s stock worth $349,000 after buying an additional 531 shares during 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.