Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 12-Month High – Should You Buy?

Posted by Casey Walker on Jan 24th, 2025

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $39.73 and last traded at $39.79, with a volume of 29403 shares changing hands. The stock had previously closed at $39.06.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The business has a 50-day moving average of $38.34 and a 200-day moving average of $37.40. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at approximately $6,368,000. BNP Paribas Financial Markets increased its position in Invesco S&P 500 Equal Weight Technology ETF by 99.6% in the third quarter. BNP Paribas Financial Markets now owns 340,684 shares of the company’s stock worth $12,844,000 after buying an additional 170,000 shares during the period. Raymond James & Associates lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 18.4% in the 3rd quarter. Raymond James & Associates now owns 423,904 shares of the company’s stock valued at $15,981,000 after purchasing an additional 66,023 shares during the last quarter. Fortis Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the third quarter worth approximately $2,251,000. Finally, Baltimore Washington Financial Advisors Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.8% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 1,031,015 shares of the company’s stock worth $38,869,000 after purchasing an additional 56,519 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.