Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Get Free Report) saw strong trading volume on Wednesday. 847,076 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 548,726 shares. The stock last traded at $66.09 and had previously closed at $66.16.
Invesco S&P 500 Equal Weight Technology ETF Stock Performance
The business’s 50-day moving average is $65.27 and its 200-day moving average is $57.10. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 26.94 and a beta of 1.34.
Institutional Trading of Invesco S&P 500 Equal Weight Technology ETF
Several large investors have recently made changes to their positions in RSPT. Bank of America Corp DE lifted its stake in 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 last quarter. RMG Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth $66,437,000. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Equal Weight Technology ETF by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 296,357 shares of the company’s stock valued at $19,115,000 after buying an additional 15,633 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 5,005.7% in the third quarter. Kingswood Wealth Advisors LLC now owns 267,234 shares of the company’s stock valued at $17,600,000 after acquiring an additional 262,000 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 54.6% in the first quarter. Cetera Investment Advisers now owns 341,701 shares of the company’s stock valued at $15,465,000 after buying an additional 120,625 shares during the period.
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.
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