Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Volume Increase

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw unusually-strong trading volume on Wednesday . Approximately 2,491,863 shares changed hands during mid-day trading, an increase of 413% from the previous session’s volume of 486,065 shares.The stock last traded at $36.34 and had previously closed at $36.95.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company’s fifty day moving average price is $36.35 and its 200-day moving average price is $34.72. The stock has a market cap of $4.08 billion, a P/E ratio of 25.99 and a beta of 1.69.

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

Several institutional investors have recently made changes to their positions in RSPT. BNP Paribas Financial Markets purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth about $6,540,000. Advisory Services Network LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $4,755,000. Goldstein Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $920,000. Mission Wealth Management LP bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $473,000. Finally, Condor Capital Management bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $8,229,000.

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.