Freedom Investment Management Inc. Decreases Stake in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

Freedom Investment Management Inc. lessened its holdings in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,774 shares of the company’s stock after selling 906 shares during the period. Freedom Investment Management Inc.’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $654,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 24.4% during the third quarter. FMR LLC now owns 11,530 shares of the company’s stock worth $590,000 after acquiring an additional 2,258 shares during the period. Kingsview Wealth Management LLC increased its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 29.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 10,831 shares of the company’s stock valued at $555,000 after purchasing an additional 2,482 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 10.5% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 9,573 shares of the company’s stock worth $490,000 after purchasing an additional 909 shares during the period. Comprehensive Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 6.9% in the 3rd quarter. Comprehensive Wealth Management LLC now owns 26,275 shares of the company’s stock worth $1,346,000 after buying an additional 1,699 shares during the last quarter. Finally, Rovin Capital UT ADV grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 5.0% during the third quarter. Rovin Capital UT ADV now owns 5,097 shares of the company’s stock valued at $259,000 after buying an additional 242 shares during the period.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

NYSEARCA RSPN opened at $54.88 on Friday. The company has a market capitalization of $831.98 million, a PE ratio of 22.62 and a beta of 1.24. 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 company has a 50-day simple moving average of $52.29 and a 200 day simple moving average of $48.79.

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.