RMG Wealth Management LLC Buys New Shares in Invesco S&P 500 Equal Weight Technology ETF $RSPT

RMG Wealth Management LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,329,823 shares of the company’s stock, valued at approximately $55,241,000. Invesco S&P 500 Equal Weight Technology ETF makes up 8.5% of RMG Wealth Management LLC’s holdings, making the stock its 5th largest holding. RMG Wealth Management LLC owned 1.50% of Invesco S&P 500 Equal Weight Technology ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter valued at approximately $219,602,000. Goldman Sachs Group Inc. boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 172.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock worth $15,991,000 after purchasing an additional 296,259 shares during the period. LPL Financial LLC grew its holdings in Invesco S&P 500 Equal Weight Technology ETF by 17.5% during the 1st quarter. LPL Financial LLC now owns 1,902,073 shares of the company’s stock valued at $65,051,000 after buying an additional 283,494 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight Technology ETF by 9,384.2% during the 1st quarter. Farther Finance Advisors LLC now owns 212,445 shares of the company’s stock valued at $7,302,000 after buying an additional 210,205 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 572.7% during the first quarter. Jones Financial Companies Lllp now owns 188,755 shares of the company’s stock valued at $6,455,000 after buying an additional 160,697 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Shares of NYSEARCA:RSPT opened at $45.62 on Tuesday. The firm has a fifty day moving average price of $42.48 and a 200 day moving average price of $39.01. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $28.52 and a fifty-two week high of $46.02. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 26.94 and a beta of 1.21.

About Invesco S&P 500 Equal Weight Technology ETF

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.