Meridian Wealth Management LLC Takes Position in Invesco S&P 500 Equal Weight Technology ETF $RSPT

Meridian Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,917 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSPT. Advisors Preferred LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter valued at $32,000. Pflug Koory LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth $33,000. Bristlecone Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at $34,000. Founders Capital Management purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the second quarter worth about $63,000. Finally, Salem Investment Counselors Inc. bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth about $82,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 1.3%

NYSEARCA:RSPT opened at $43.13 on Wednesday. The stock has a market cap of $3.89 billion, a P/E ratio of 26.94 and a beta of 1.26. The business’s 50-day moving average price is $44.85 and its two-hundred day moving average price is $41.72. Invesco S&P 500 Equal Weight Technology ETF has a twelve month low of $28.52 and a twelve month high of $47.00.

Invesco S&P 500 Equal Weight Technology ETF 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.