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

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.57 and last traded at $62.39, with a volume of 621053 shares. The stock had previously closed at $60.94.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 2.4%

The stock has a market cap of $5.45 billion, a PE ratio of 26.94 and a beta of 1.29. The company’s 50 day moving average is $51.68 and its 200-day moving average is $48.12.

Institutional Investors Weigh In On 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. Root Financial Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth $33,000. Optiver Holding B.V. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth $34,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth $48,000. Finally, Collier Financial purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth $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.