Verus Capital Partners LLC Reduces Stock Position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Verus Capital Partners LLC reduced its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 36.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,545 shares of the company’s stock after selling 6,578 shares during the quarter. Verus Capital Partners LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $406,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RSPT. BNP Paribas Financial Markets bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at $6,540,000. Advisory Services Network LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth about $4,755,000. Goldstein Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at about $920,000. Mission Wealth Management LP acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $473,000. Finally, Condor Capital Management acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $8,229,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.3 %

Shares of RSPT traded up $0.13 during mid-day trading on Tuesday, hitting $38.24. The stock had a trading volume of 103,039 shares, compared to its average volume of 472,577. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $26.09 and a fifty-two week high of $38.38. The company has a market cap of $4.33 billion, a PE ratio of 25.99 and a beta of 1.69. The company’s fifty day simple moving average is $35.87 and its two-hundred day simple moving average is $34.45.

Invesco S&P 500 Equal Weight Technology ETF 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.