NewEdge Advisors LLC Boosts Position in Invesco S&P 500 Equal Weight Technology ETF $RSPT

NewEdge Advisors LLC boosted its position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 12.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 75,790 shares of the company’s stock after purchasing an additional 8,288 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $4,888,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RSPT. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 26.7% in the first quarter. Bank of America Corp DE now owns 5,230,024 shares of the company’s stock worth $236,711,000 after buying an additional 1,102,277 shares during the last quarter. RMG Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth approximately $66,437,000. Baker Avenue Asset Management LP raised its position in Invesco S&P 500 Equal Weight Technology ETF by 4.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 584,152 shares of the company’s stock worth $26,585,000 after acquiring an additional 25,862 shares during the period. Cetera Investment Advisers boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 54.6% during the 1st quarter. Cetera Investment Advisers now owns 341,701 shares of the company’s stock worth $15,465,000 after acquiring an additional 120,625 shares during the last quarter. Finally, Prasad Wealth Partners LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.8% during the 1st quarter. Prasad Wealth Partners LLC now owns 331,655 shares of the company’s stock worth $15,011,000 after acquiring an additional 5,931 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Shares of RSPT stock opened at $63.91 on Tuesday. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 26.94 and a beta of 1.34. Invesco S&P 500 Equal Weight Technology ETF has a 1 year low of $41.45 and a 1 year high of $67.49. The firm has a fifty day moving average price of $62.86 and a 200-day moving average price of $57.51.

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.