Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Volume Increase – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares saw strong trading volume on Tuesday . 1,048,827 shares traded hands during mid-day trading, an increase of 155% from the previous session’s volume of 411,463 shares.The stock last traded at $59.40 and had previously closed at $62.78.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The business has a 50-day simple moving average of $54.94 and a two-hundred day simple moving average of $49.36. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter valued at $33,000. Optiver Holding B.V. acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $34,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at about $48,000. Finally, Western Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at about $68,000.

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.