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

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $48.14 and last traded at $48.05, with a volume of 298017 shares. The stock had previously closed at $47.60.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 1.6%

The firm has a 50 day moving average price of $46.25 and a 200 day moving average price of $44.32. The stock has a market cap of $4.17 billion, a PE ratio of 26.94 and a beta of 1.26.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $238,000. Goldman Sachs Group Inc. grew its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 172.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after acquiring an additional 296,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth approximately $3,490,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $1,096,000. Finally, Focus Partners Wealth raised its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 612.3% during the first quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock valued at $256,000 after acquiring an additional 6,435 shares during the last quarter.

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.