Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Unusually-High Trading Volume – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPTGet Free Report) shares saw an uptick in trading volume on Thursday . 855,608 shares traded hands during trading, an increase of 69% from the previous session’s volume of 505,348 shares.The stock last traded at $59.64 and had previously closed at $60.80.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 0.6%

The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33. The firm has a 50-day moving average of $61.92 and a 200-day moving average of $52.76.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Large investors have recently bought and sold shares of the company. RMG Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter worth approximately $66,437,000. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 26.7% in the 1st quarter. Bank of America Corp DE now owns 5,230,024 shares of the company’s stock valued at $236,711,000 after purchasing an additional 1,102,277 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 172.9% during the first quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock worth $15,991,000 after buying an additional 296,259 shares in the last quarter. Chicago Wealth Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at $9,848,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at $8,607,000.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

(Get Free Report)

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.

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