Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Hits New 52-Week High – Here’s Why

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) hit a new 52-week high on Monday . The company traded as high as $39.30 and last traded at $39.29, with a volume of 117070 shares traded. The stock had previously closed at $38.71.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 1.1 %

The business has a fifty day moving average of $37.87 and a 200 day moving average of $36.78. The company has a market cap of $4.43 billion, a P/E ratio of 25.99 and a beta of 1.69.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Large investors have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Invesco S&P 500 Equal Weight Technology ETF by 134.1% in the third quarter. Blue Trust Inc. now owns 5,163 shares of the company’s stock worth $189,000 after purchasing an additional 2,958 shares during the period. Sequoia Financial Advisors LLC raised its stake in Invesco S&P 500 Equal Weight Technology ETF by 72.6% during the third quarter. Sequoia Financial Advisors LLC now owns 16,408 shares of the company’s stock valued at $619,000 after buying an additional 6,900 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 7.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 53,673 shares of the company’s stock worth $1,968,000 after acquiring an additional 3,635 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 3,520.6% in the second quarter. Strategic Financial Concepts LLC now owns 265,390 shares of the company’s stock worth $97,000 after acquiring an additional 258,060 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at $48,000.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on Nov 1, 2006 and is managed by Invesco.