Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Reaches New 52-Week High – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares reached a new 52-week high on Wednesday . The stock traded as high as $62.57 and last traded at $62.39, with a volume of 621053 shares. The stock had previously closed at $60.94.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 2.4%

The company’s 50-day moving average price is $51.68 and its two-hundred day moving average price is $48.12. The company has a market cap of $5.45 billion, a P/E ratio of 26.94 and a beta of 1.29.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Astoria Portfolio Advisors LLC. increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 0.8% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 25,877 shares of the company’s stock worth $1,171,000 after purchasing an additional 199 shares during the last quarter. NWF Advisory Services Inc. increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 3.4% in the 1st quarter. NWF Advisory Services Inc. now owns 6,050 shares of the company’s stock worth $274,000 after purchasing an additional 200 shares during the last quarter. Kovack Advisors Inc. increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.3% in the 4th quarter. Kovack Advisors Inc. now owns 17,222 shares of the company’s stock worth $784,000 after purchasing an additional 225 shares during the last quarter. Valicenti Advisory Services Inc. increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 0.4% in the 4th quarter. Valicenti Advisory Services Inc. now owns 56,125 shares of the company’s stock worth $2,554,000 after purchasing an additional 249 shares during the last quarter. Finally, LexAurum Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 4.5% in the 3rd quarter. LexAurum Advisors LLC now owns 6,214 shares of the company’s stock worth $277,000 after purchasing an additional 269 shares during the last quarter.

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.