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

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPTGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.92 and last traded at $38.86, with a volume of 167266 shares changing hands. The stock had previously closed at $38.42.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The company has a market cap of $4.42 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69. The company’s 50-day simple moving average is $37.13 and its 200-day simple moving average is $36.18.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at approximately $303,000. Oppenheimer & Co. Inc. increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 2.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 18,078 shares of the company’s stock worth $636,000 after purchasing an additional 468 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at about $370,000. Baltimore Washington Financial Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.2% during the first quarter. Baltimore Washington Financial Advisors Inc. now owns 921,223 shares of the company’s stock worth $32,418,000 after purchasing an additional 11,164 shares during the last quarter. Finally, Interchange Capital Partners LLC grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 7.3% in the first quarter. Interchange Capital Partners LLC now owns 22,798 shares of the company’s stock worth $823,000 after purchasing an additional 1,548 shares in the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

(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.

Further Reading

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