Blue Chip Partners LLC Takes Position in Invesco S&P 500 Equal Weight Industrials ETF $RSPN

Blue Chip Partners LLC bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,281 shares of the company’s stock, valued at approximately $822,000. Blue Chip Partners LLC owned approximately 0.09% of Invesco S&P 500 Equal Weight Industrials ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 0.8% during the 1st quarter. Royal Bank of Canada now owns 173,328 shares of the company’s stock worth $8,482,000 after purchasing an additional 1,458 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 6.8% in the second quarter. Brown Advisory Inc. now owns 15,750 shares of the company’s stock valued at $843,000 after buying an additional 1,000 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the second quarter valued at approximately $388,000. Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 55.6% during the second quarter. Raymond James Financial Inc. now owns 227,096 shares of the company’s stock worth $12,156,000 after acquiring an additional 81,168 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 272,339 shares of the company’s stock worth $14,578,000 after acquiring an additional 12,294 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

Shares of NYSEARCA:RSPN opened at $63.60 on Monday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 22.94 and a beta of 1.00. Invesco S&P 500 Equal Weight Industrials ETF has a 12 month low of $53.47 and a 12 month high of $64.50. The company’s fifty day simple moving average is $62.07 and its 200 day simple moving average is $61.06.

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.