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

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) reached a new 52-week high on Monday . The stock traded as high as $59.00 and last traded at $58.86, with a volume of 15478 shares changing hands. The stock had previously closed at $58.15.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company has a market capitalization of $5.14 billion, a P/E ratio of 26.94 and a beta of 1.29. The firm has a 50 day moving average price of $48.44 and a two-hundred day moving average price of $46.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Independent Financial Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter worth approximately $412,000. Rockport Wealth LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 33.8% in the 1st quarter. Rockport Wealth LLC now owns 242,380 shares of the company’s stock worth $10,971,000 after acquiring an additional 61,246 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 15.7% in the 1st quarter. Bank of New York Mellon Corp now owns 47,317 shares of the company’s stock worth $2,142,000 after acquiring an additional 6,425 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 68.5% in the 1st quarter. Sanctuary Advisors LLC now owns 58,708 shares of the company’s stock worth $2,657,000 after acquiring an additional 23,862 shares in the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter worth approximately $200,000.

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.