Meridian Wealth Management LLC Acquires New Shares in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Meridian Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the third quarter, HoldingsChannel reports. The fund acquired 6,274 shares of the company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth $27,000. Kimelman & Baird LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth about $33,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at about $38,000. Peterson Financial Group Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter worth approximately $39,000. Finally, Mather Group LLC. bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth approximately $48,000.

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

NYSEARCA:RSPT opened at $39.08 on Tuesday. The firm has a 50 day moving average of $37.67 and a 200 day moving average of $36.62. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $29.68 and a 52 week high of $39.28. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69.

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.