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) hit a new 52-week high on Wednesday . The stock traded as high as $47.25 and last traded at $47.4940, with a volume of 187598 shares changing hands. The stock had previously closed at $46.72.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26. The business has a 50-day moving average of $45.23 and a 200-day moving average of $42.64.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Caldwell Trust Co bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth approximately $28,000. Advisors Preferred LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter valued at $32,000. Pflug Koory LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the second quarter worth $33,000. Optiver Holding B.V. acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at $34,000. Finally, Collier Financial acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at $62,000.

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.