Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Strong Trading Volume – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares saw an uptick in trading volume on Thursday . Approximately 855,608 shares changed hands during trading, an increase of 69% from the previous session’s volume of 505,348 shares.The stock last traded at $59.64 and had previously closed at $60.80.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The stock’s 50 day moving average is $61.82 and its two-hundred day moving average is $52.62. The stock has a market capitalization of $5.39 billion, a PE ratio of 26.94 and a beta of 1.33.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. West Branch Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter worth $35,000. Root Financial Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth about $33,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $43,000. 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 4th quarter worth about $48,000. Finally, FAS Wealth Partners Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at about $48,000.

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.