FRG Family Wealth Advisors LLC Has $8.40 Million Stock Position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

FRG Family Wealth Advisors LLC cut its position in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,355 shares of the company’s stock after selling 890 shares during the period. Invesco S&P 500 Equal Weight Technology ETF accounts for about 1.5% of FRG Family Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest position. FRG Family Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $8,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RSPT. AdvisorNet Financial Inc bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $25,000. Assetmark Inc. grew its position in Invesco S&P 500 Equal Weight Technology ETF by 90.0% during the fourth quarter. Assetmark Inc. now owns 684 shares of the company’s stock worth $26,000 after buying an additional 324 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 510.3% in the 4th quarter. Avior Wealth Management LLC now owns 885 shares of the company’s stock valued at $33,000 after purchasing an additional 740 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $41,000. Finally, Mainstream Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $41,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Shares of RSPT opened at $32.82 on Thursday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 22.74 and a beta of 1.21. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $28.52 and a 52 week high of $40.50. The stock has a fifty day moving average of $36.14 and a 200-day moving average of $37.46.

Invesco S&P 500 Equal Weight Technology ETF Increases Dividend

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

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.