SignalPoint Asset Management LLC Trims Stock Holdings in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

SignalPoint Asset Management LLC decreased its position in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,484 shares of the company’s stock after selling 2,423 shares during the period. Invesco S&P 500 Equal Weight Industrials ETF makes up about 0.8% of SignalPoint Asset Management LLC’s portfolio, making the stock its 25th biggest holding. SignalPoint Asset Management LLC owned about 0.44% of Invesco S&P 500 Equal Weight Industrials ETF worth $3,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 113.6% in the 3rd quarter. US Bancorp DE now owns 566 shares of the company’s stock worth $29,000 after acquiring an additional 301 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth $247,000. Rovin Capital UT ADV raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 5.0% in the 3rd quarter. Rovin Capital UT ADV now owns 5,097 shares of the company’s stock worth $259,000 after acquiring an additional 242 shares during the last quarter. Cedrus LLC purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth $333,000. Finally, World Investment Advisors LLC raised its stake in Invesco S&P 500 Equal Weight Industrials ETF by 41.4% in the 3rd quarter. World Investment Advisors LLC now owns 7,000 shares of the company’s stock worth $358,000 after acquiring an additional 2,050 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

Shares of RSPN opened at $51.56 on Thursday. The business’s 50-day moving average is $52.58 and its two-hundred day moving average is $50.16. The company has a market capitalization of $781.65 million, a P/E ratio of 22.62 and a beta of 1.24. Invesco S&P 500 Equal Weight Industrials ETF has a fifty-two week low of $41.52 and a fifty-two week high of $55.27.

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.