Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Position Raised by IFG Advisory LLC

IFG Advisory LLC lifted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 13.5% in the 2nd quarter, Holdings Channel reports. The fund owned 13,689 shares of the company’s stock after buying an additional 1,629 shares during the period. IFG Advisory LLC’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $622,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Wells Fargo & Company MN bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter worth about $12,257,000. Wealthcare Advisory Partners LLC bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter valued at $7,126,000. Cambridge Investment Research Advisors Inc. acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter worth $5,813,000. TKG Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter worth $3,020,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 225.3% in the first quarter. Commonwealth Equity Services LLC now owns 89,656 shares of the company’s stock worth $4,278,000 after purchasing an additional 62,097 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 1.1 %

Shares of NYSEARCA RSPN opened at $49.40 on Friday. The stock has a market cap of $748.90 million, a P/E ratio of 22.62 and a beta of 1.24. The firm’s 50-day simple moving average is $46.82 and its 200 day simple moving average is $46.41. Invesco S&P 500 Equal Weight Industrials ETF has a fifty-two week low of $36.04 and a fifty-two week high of $49.41.

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.