Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Hits 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 on Thursday . The company traded as high as $59.15 and last traded at $59.15, with a volume of 139323 shares changing hands. The stock had previously closed at $58.53.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 26.94 and a beta of 1.29. The stock has a 50 day moving average price of $51.04 and a two-hundred day moving average price of $47.89.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth about $33,000. Optiver Holding B.V. acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $34,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $48,000. Finally, Collier Financial acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $62,000.

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.