Advisory Services Network LLC Lowers Stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Advisory Services Network LLC reduced its position in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 4.8% during the 4th quarter, HoldingsChannel reports. The fund owned 132,767 shares of the company’s stock after selling 6,652 shares during the period. Advisory Services Network LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $4,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 21.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,561,272 shares of the company’s stock valued at $95,843,000 after acquiring an additional 452,376 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 13.7% in the 4th quarter. LPL Financial LLC now owns 1,618,579 shares of the company’s stock valued at $60,567,000 after buying an additional 195,612 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $49,421,000. Meitav Investment House Ltd. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $48,732,000. Finally, Baltimore Washington Financial Advisors Inc. increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 3.9% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 1,071,011 shares of the company’s stock worth $40,077,000 after purchasing an additional 39,996 shares during the period.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

RSPT opened at $33.18 on Thursday. Invesco S&P 500 Equal Weight Technology ETF has a one year low of $28.52 and a one year high of $40.50. The company has a market cap of $2.98 billion, a P/E ratio of 22.74 and a beta of 1.21. The business’s 50-day simple moving average is $36.14 and its 200-day simple moving average is $37.46.

Invesco S&P 500 Equal Weight Technology ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.0441 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco S&P 500 Equal Weight Technology ETF’s previous dividend of $0.04.

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.