Mirae Asset Global Investments Co. Ltd. Reduces Position in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 14.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,540 shares of the company’s stock after selling 2,840 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of Invesco S&P 500 Equal Weight Industrials ETF worth $805,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the first quarter worth $434,000. Farther Finance Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the first quarter valued at about $3,207,000. Park Avenue Securities LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the first quarter valued at approximately $347,000. Affinity Wealth Management LLC boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.6% in the 1st quarter. Affinity Wealth Management LLC now owns 632,492 shares of the company’s stock valued at $30,948,000 after purchasing an additional 9,870 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 5.4% in the 4th quarter. First Heartland Consultants Inc. now owns 11,188 shares of the company’s stock valued at $562,000 after purchasing an additional 570 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

NYSEARCA:RSPN opened at $54.70 on Friday. The company has a 50 day moving average price of $51.95 and a 200 day moving average price of $50.58. Invesco S&P 500 Equal Weight Industrials ETF has a fifty-two week low of $42.28 and a fifty-two week high of $55.27. The stock has a market capitalization of $663.51 million, a P/E ratio of 22.94 and a beta of 1.10.

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.