Raymond James Financial Inc. Buys New Holdings in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

Raymond James Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 154,785 shares of the company’s stock, valued at approximately $7,770,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 2.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 11,049 shares of the company’s stock valued at $555,000 after purchasing an additional 218 shares during the period. Walker Asset Management LLC increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1.1% in the 4th quarter. Walker Asset Management LLC now owns 24,652 shares of the company’s stock worth $1,238,000 after acquiring an additional 264 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 10.6% in the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,085 shares of the company’s stock worth $255,000 after acquiring an additional 488 shares during the last quarter. MML Investors Services LLC increased its stake 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 worth $597,000 after acquiring an additional 589 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 8.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 9,056 shares of the company’s stock worth $455,000 after acquiring an additional 727 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

NYSEARCA:RSPN opened at $49.25 on Friday. Invesco S&P 500 Equal Weight Industrials ETF has a 1 year low of $44.73 and a 1 year high of $55.27. The stock’s 50 day simple moving average is $51.08 and its two-hundred day simple moving average is $51.48. The company has a market cap of $650.10 million, a price-to-earnings ratio of 24.23 and a beta of 1.15.

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.