Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Strong Trading Volume – What’s Next?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares saw strong trading volume on Tuesday . 1,048,827 shares traded hands during trading, an increase of 155% from the previous session’s volume of 411,463 shares.The stock last traded at $59.40 and had previously closed at $62.78.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company has a 50-day moving average price of $54.94 and a 200-day moving average price of $49.36. The firm has a market capitalization of $5.36 billion, a P/E ratio of 26.94 and a beta of 1.33.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Graham Capital Wealth Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 15.8% during the 4th quarter. Graham Capital Wealth Management LLC now owns 180,329 shares of the company’s stock worth $8,207,000 after purchasing an additional 24,599 shares in the last quarter. HighTower Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 7.4% during the third quarter. HighTower Advisors LLC now owns 409,930 shares of the company’s stock worth $18,275,000 after buying an additional 28,130 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its position in Invesco S&P 500 Equal Weight Technology ETF by 24.5% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 1,392,499 shares of the company’s stock worth $62,078,000 after acquiring an additional 274,166 shares in the last quarter. Zhang Financial LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the third quarter worth $485,000. Finally, Ethos Capital Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at $1,118,000.

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.