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

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.98 and last traded at $39.87, with a volume of 26141 shares traded. The stock had previously closed at $39.56.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The business’s 50 day moving average is $38.55 and its 200 day moving average is $37.73. The company has a market capitalization of $4.53 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

A number of institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 11.8% in the 4th quarter. Signaturefd LLC now owns 2,664 shares of the company’s stock worth $100,000 after purchasing an additional 282 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 0.5% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 67,230 shares of the company’s stock valued at $2,516,000 after acquiring an additional 307 shares during the period. Assetmark Inc. lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 90.0% during the 4th quarter. Assetmark Inc. now owns 684 shares of the company’s stock valued at $26,000 after acquiring an additional 324 shares during the period. DHJJ Financial Advisors Ltd. lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 0.6% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 58,510 shares of the company’s stock valued at $2,206,000 after acquiring an additional 353 shares during the period. Finally, Lodestar Private Asset Management LLC lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 6.0% during the 4th quarter. Lodestar Private Asset Management LLC now owns 6,747 shares of the company’s stock valued at $252,000 after acquiring an additional 383 shares during the period.

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.