Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares saw unusually-strong trading volume on Tuesday . Approximately 458,584 shares changed hands during trading, a decline of 6% from the previous session’s volume of 485,693 shares.The stock last traded at $61.13 and had previously closed at $62.41.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 2.3%

The stock has a market capitalization of $5.48 billion, a P/E ratio of 26.94 and a beta of 1.33. The company has a 50 day moving average of $60.68 and a 200-day moving average of $51.84.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $33,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $43,000. FAS Wealth Partners Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth approximately $48,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $48,000. Finally, Western Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter worth approximately $68,000.

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.