Reicon Wealth Advisors LLC Takes $809,000 Position in Invesco S&P 500 Equal Weight Technology ETF $RSPT

Reicon Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,771 shares of the company’s stock, valued at approximately $809,000. Invesco S&P 500 Equal Weight Technology ETF accounts for about 0.6% of Reicon Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of RSPT. Brighton Jones LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $238,000. Goldman Sachs Group Inc. grew its stake 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 valued at $15,991,000 after acquiring an additional 296,259 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at approximately $3,490,000. Jane Street Group LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at approximately $1,096,000. Finally, Focus Partners Wealth grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 612.3% during the first quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock valued at $256,000 after acquiring an additional 6,435 shares in the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 0.3%

NYSEARCA:RSPT traded down $0.16 during mid-day trading on Thursday, hitting $52.38. 57,758 shares of the stock traded hands, compared to its average volume of 389,529. The business’s 50-day moving average price is $47.72 and its 200 day moving average price is $46.60. The company has a market cap of $4.55 billion, a PE ratio of 26.94 and a beta of 1.23. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $34.61 and a 12-month high of $53.14.

About Invesco S&P 500 Equal Weight Technology ETF

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.