Carmichael Hill & Associates Inc. Has $222,000 Stock Position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Carmichael Hill & Associates Inc. decreased its holdings in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 34.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,061 shares of the company’s stock after selling 3,198 shares during the quarter. Carmichael Hill & Associates Inc.’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $63,463,000. UBS Group AG bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $40,007,000. Graypoint LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter valued at $15,052,000. EP Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 867.8% in the first quarter. EP Wealth Advisors LLC now owns 472,434 shares of the company’s stock valued at $16,625,000 after purchasing an additional 423,620 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $13,425,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Shares of RSPT stock traded up $0.21 during midday trading on Wednesday, hitting $35.88. 108,190 shares of the company were exchanged, compared to its average volume of 601,783. The firm has a market capitalization of $4.07 billion, a P/E ratio of 25.99 and a beta of 1.69. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $26.09 and a 52 week high of $38.50. The firm’s 50 day moving average price is $36.44 and its two-hundred day moving average price is $35.33.

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.