Private Advisor Group LLC Sells 3,512 Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

Private Advisor Group LLC cut its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 48,733 shares of the company’s stock after selling 3,512 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $2,496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cedrus LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 3rd quarter valued at $333,000. Friedenthal Financial raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1.4% in the third quarter. Friedenthal Financial now owns 29,084 shares of the company’s stock worth $1,489,000 after buying an additional 406 shares in the last quarter. Global Retirement Partners LLC raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 26.7% in the third quarter. Global Retirement Partners LLC now owns 15,253 shares of the company’s stock worth $781,000 after buying an additional 3,217 shares in the last quarter. Private Advisory Group LLC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 2.2% in the third quarter. Private Advisory Group LLC now owns 68,339 shares of the company’s stock worth $3,500,000 after buying an additional 1,492 shares during the period. Finally, Truist Financial Corp boosted its position in Invesco S&P 500 Equal Weight Industrials ETF by 24.9% during the 2nd quarter. Truist Financial Corp now owns 9,313 shares of the company’s stock valued at $423,000 after acquiring an additional 1,859 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

Shares of NYSEARCA:RSPN opened at $51.50 on Tuesday. The firm has a market capitalization of $780.74 million, a P/E ratio of 22.62 and a beta of 1.24. The stock has a 50 day moving average price of $50.03 and a 200-day moving average price of $47.59. Invesco S&P 500 Equal Weight Industrials ETF has a 52-week low of $36.18 and a 52-week high of $52.61.

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.