Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Reaches New 12-Month High – What’s Next?

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

Invesco S&P 500 Equal Weight Technology ETF Trading Up 1.0%

The stock has a 50-day simple moving average of $52.30 and a 200 day simple moving average of $48.36. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 26.94 and a beta of 1.29.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSPT. Brighton Jones LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $238,000. Goldman Sachs Group Inc. lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 172.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock worth $15,991,000 after acquiring an additional 296,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth about $3,490,000. Jane Street Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth about $1,096,000. Finally, Focus Partners Wealth lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 612.3% during the 1st quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock worth $256,000 after acquiring an additional 6,435 shares during the period.

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.