Patten & Patten Inc. TN Buys 119,633 Shares of Invesco S&P 500 Equal Weight Technology ETF $RSPT

Patten & Patten Inc. TN raised its stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 156.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196,270 shares of the company’s stock after buying an additional 119,633 shares during the quarter. Patten & Patten Inc. TN owned about 0.23% of Invesco S&P 500 Equal Weight Technology ETF worth $8,932,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 4,213,957 shares of the company’s stock valued at $187,858,000 after buying an additional 36,393 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 2.0% in the second quarter. Raymond James Financial Inc. now owns 1,426,364 shares of the company’s stock valued at $58,167,000 after buying an additional 28,061 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 24.5% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 1,392,499 shares of the company’s stock valued at $62,078,000 after buying an additional 274,166 shares in the last quarter. RMG Wealth Management LLC lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 3.4% in the third quarter. RMG Wealth Management LLC now owns 1,374,742 shares of the company’s stock valued at $61,767,000 after buying an additional 44,919 shares in the last quarter. Finally, Horizon Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at approximately $48,608,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 3.1%

NYSEARCA RSPT opened at $58.15 on Friday. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $35.78 and a 12-month high of $58.18. The company has a market capitalization of $5.08 billion, a PE ratio of 26.94 and a beta of 1.29. The firm’s 50 day moving average is $48.44 and its 200-day moving average is $46.92.

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.