Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 52-Week High – Here’s What Happened

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $59.00 and last traded at $58.86, with a volume of 15478 shares changing hands. The stock had previously closed at $58.15.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company’s 50-day moving average price is $48.44 and its two-hundred day moving average price is $46.92. The stock has a market cap of $5.14 billion, a PE ratio of 26.94 and a beta of 1.29.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 24.5% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 1,392,499 shares of the company’s stock worth $62,078,000 after purchasing an additional 274,166 shares in the last quarter. Graham Capital Wealth Management LLC raised its position in Invesco S&P 500 Equal Weight Technology ETF by 15.8% in the 4th quarter. Graham Capital Wealth Management LLC now owns 180,329 shares of the company’s stock worth $8,207,000 after purchasing an additional 24,599 shares during the period. HighTower Advisors LLC raised its position in Invesco S&P 500 Equal Weight Technology ETF by 7.4% in the 3rd quarter. HighTower Advisors LLC now owns 409,930 shares of the company’s stock worth $18,275,000 after purchasing an additional 28,130 shares during the period. Ethos Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth $1,118,000. Finally, Zhang Financial LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter worth $485,000.

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.