Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Hits New 1-Year High – What’s Next?

by · The Markets Daily

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $48.00 and last traded at $47.6910, with a volume of 39106 shares trading hands. The stock had previously closed at $47.33.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The stock has a fifty day moving average of $45.72 and a 200 day moving average of $44.06. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSPT. Bank of America Corp DE boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 4,213,957 shares of the company’s stock valued at $187,858,000 after purchasing an additional 36,393 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 160.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,125 shares of the company’s stock valued at $59,177,000 after buying an additional 893,554 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,426,364 shares of the company’s stock valued at $58,167,000 after buying an additional 28,061 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 24.5% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 1,392,499 shares of the company’s stock worth $62,078,000 after buying an additional 274,166 shares during the last quarter. Finally, RMG Wealth Management LLC grew its holdings in Invesco S&P 500 Equal Weight Technology ETF by 3.4% during the third quarter. RMG Wealth Management LLC now owns 1,374,742 shares of the company’s stock worth $61,767,000 after acquiring an additional 44,919 shares during the period.

About Invesco S&P 500 Equal Weight Technology ETF

(Get Free Report)

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.

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