Freedom Investment Management Inc. Sells 906 Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

Freedom Investment Management Inc. lowered its stake in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,774 shares of the company’s stock after selling 906 shares during the quarter. Freedom Investment Management Inc. owned about 0.08% of Invesco S&P 500 Equal Weight Industrials ETF worth $654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rovin Capital UT ADV lifted its position 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 valued at $259,000 after acquiring an additional 242 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 113.6% in the third quarter. US Bancorp DE now owns 566 shares of the company’s stock valued at $29,000 after purchasing an additional 301 shares in the last quarter. Friedenthal Financial boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1.4% during the third quarter. Friedenthal Financial now owns 29,084 shares of the company’s stock worth $1,489,000 after buying an additional 406 shares during the period. Comprehensive Financial Consultants Institutional Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 12.6% during the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,937 shares of the company’s stock worth $224,000 after buying an additional 552 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 1.3% during the second quarter. Private Advisor Group LLC now owns 52,245 shares of the company’s stock worth $2,372,000 after buying an additional 651 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

NYSEARCA RSPN opened at $54.88 on Friday. Invesco S&P 500 Equal Weight Industrials ETF has a 52 week low of $39.64 and a 52 week high of $55.27. The stock’s 50 day moving average price is $52.29 and its two-hundred day moving average price is $48.79. The stock has a market capitalization of $831.98 million, a price-to-earnings ratio of 22.62 and a beta of 1.24.

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.