Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Hits New 52-Week High – What’s Next?

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) hit a new 52-week high on Thursday . The company traded as high as $47.69 and last traded at $47.6670, with a volume of 20178 shares changing hands. The stock had previously closed at $46.86.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company has a market cap of $4.15 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26. The business has a fifty day moving average price of $45.59 and a 200 day moving average price of $43.86.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF

A number of hedge funds have recently made changes to their positions in RSPT. Polaris Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $209,000. Aventus Investment Advisors Inc. boosted its position in Invesco S&P 500 Equal Weight Technology ETF by 2.0% in the fourth quarter. Aventus Investment Advisors Inc. now owns 208,327 shares of the company’s stock valued at $9,481,000 after buying an additional 4,181 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $227,000. Dakota Wealth Management grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 59.8% during the fourth quarter. Dakota Wealth Management now owns 8,687 shares of the company’s stock worth $395,000 after buying an additional 3,250 shares during the last quarter. Finally, Triangle Securities Wealth Management acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $200,000.

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.