Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 1-Year High – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) hit a new 52-week high during trading on Monday . The stock traded as high as $38.76 and last traded at $38.73, with a volume of 32458 shares. The stock had previously closed at $38.41.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 2.1 %

The stock has a fifty day simple moving average of $36.67 and a two-hundred day simple moving average of $35.81. The firm has a market cap of $4.30 billion, a PE ratio of 25.99 and a beta of 1.69.

Institutional Trading of Invesco S&P 500 Equal Weight Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 40.9% in the third quarter. Creative Planning now owns 73,833 shares of the company’s stock worth $2,783,000 after buying an additional 21,436 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight Technology ETF by 1.2% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 101,463 shares of the company’s stock worth $3,825,000 after acquiring an additional 1,229 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 6.2% in the 3rd quarter. Carnegie Investment Counsel now owns 17,672 shares of the company’s stock valued at $666,000 after acquiring an additional 1,027 shares in the last quarter. Patten Group Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 26.6% during the 3rd quarter. Patten Group Inc. now owns 38,943 shares of the company’s stock valued at $1,468,000 after acquiring an additional 8,174 shares during the last quarter. Finally, Legacy Private Trust Co. grew its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 27.2% during the third quarter. Legacy Private Trust Co. now owns 125,548 shares of the company’s stock worth $4,733,000 after purchasing an additional 26,808 shares in the last quarter.

About Invesco S&P 500 Equal Weight Technology ETF

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.