Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 12-Month High – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.00 and last traded at $48.59, with a volume of 109691 shares traded. The stock had previously closed at $46.82.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 26.94 and a beta of 1.23. The company has a 50-day moving average of $46.52 and a 200-day moving average of $45.94.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Caldwell Trust Co acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter valued at $28,000. Optiver Holding B.V. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at $34,000. Halbert Hargrove Global Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $48,000. Finally, Collier Financial acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at $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.