Avantax Advisory Services Inc. Has $495,000 Holdings in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

Avantax Advisory Services Inc. decreased its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,856 shares of the company’s stock after selling 794 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $495,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Meitav Investment House Ltd. boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 4.1% during the fourth quarter. Meitav Investment House Ltd. now owns 895,657 shares of the company’s stock worth $44,962,000 after acquiring an additional 35,400 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.6% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 169,717 shares of the company’s stock worth $8,520,000 after purchasing an additional 1,031 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at about $7,770,000. TigerOak Management L.L.C. bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at about $6,036,000. Finally, TKG Advisors LLC raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1.6% during the 4th quarter. TKG Advisors LLC now owns 79,236 shares of the company’s stock worth $4,208,000 after buying an additional 1,265 shares during the period.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

Shares of NYSEARCA:RSPN opened at $49.25 on Monday. The firm has a market cap of $650.10 million, a P/E ratio of 24.23 and a beta of 1.15. Invesco S&P 500 Equal Weight Industrials ETF has a 52-week low of $44.73 and a 52-week high of $55.27. The business’s 50 day simple moving average is $51.08 and its two-hundred day simple moving average is $51.51.

Invesco S&P 500 Equal Weight Industrials ETF 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.