Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Reaches New 1-Year High – What’s Next?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $39.73 and last traded at $39.79, with a volume of 29403 shares trading hands. The stock had previously closed at $39.06.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The stock has a fifty day moving average price of $38.34 and a 200-day moving average price of $37.40. The company has a market cap of $4.52 billion, a PE ratio of 25.99 and a beta of 1.69.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPT. Blue Trust Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 134.1% in the 3rd quarter. Blue Trust Inc. now owns 5,163 shares of the company’s stock valued at $189,000 after buying an additional 2,958 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 12.8% during the third quarter. Aptus Capital Advisors LLC now owns 5,639 shares of the company’s stock worth $213,000 after buying an additional 639 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 72.6% in the third quarter. Sequoia Financial Advisors LLC now owns 16,408 shares of the company’s stock valued at $619,000 after purchasing an additional 6,900 shares during the last quarter. Beck Capital Management LLC raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 30.0% in the 3rd quarter. Beck Capital Management LLC now owns 11,272 shares of the company’s stock valued at $425,000 after acquiring an additional 2,602 shares during the period. Finally, Cerity Partners LLC raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 4.5% in the third quarter. Cerity Partners LLC now owns 263,000 shares of the company’s stock worth $9,915,000 after purchasing an additional 11,395 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.