Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Reaches New 1-Year Low – Should You Sell?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares hit a new 52-week low during trading on Friday . The company traded as low as $44.16 and last traded at $45.19, with a volume of 20190 shares traded. The stock had previously closed at $46.90.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

The stock has a market capitalization of $578.87 million, a price-to-earnings ratio of 21.33 and a beta of 1.09. The company has a 50-day simple moving average of $50.38 and a two-hundred day simple moving average of $51.50.

Invesco S&P 500 Equal Weight Industrials ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 24.4% during the 3rd quarter. FMR LLC now owns 11,530 shares of the company’s stock valued at $590,000 after acquiring an additional 2,258 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the third quarter valued at about $247,000. Stifel Financial Corp lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 5.6% in the third quarter. Stifel Financial Corp now owns 31,212 shares of the company’s stock worth $1,598,000 after purchasing an additional 1,662 shares during the period. National Bank of Canada FI lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 4.2% in the third quarter. National Bank of Canada FI now owns 20,361 shares of the company’s stock worth $1,043,000 after purchasing an additional 829 shares during the period. Finally, MML Investors Services LLC grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 5.3% in the 3rd quarter. MML Investors Services LLC now owns 11,657 shares of the company’s stock valued at $597,000 after buying an additional 589 shares in the last quarter.

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.