Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw strong trading volume on Monday . 616,793 shares traded hands during trading, an increase of 79% from the previous session’s volume of 344,704 shares.The stock last traded at $46.62 and had previously closed at $45.66.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company has a fifty day simple moving average of $46.90 and a two-hundred day simple moving average of $45.53. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26.

Institutional Trading of Invesco S&P 500 Equal Weight Technology ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPT. Caldwell Trust Co purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth about $28,000. Optiver Holding B.V. acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at about $34,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at approximately $48,000. Finally, Collier Financial purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at $62,000.

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.