Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 12-Month High – Still a Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $59.15 and last traded at $59.15, with a volume of 139323 shares changing hands. The stock had previously closed at $58.53.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 26.94 and a beta of 1.29. The stock’s 50-day moving average is $50.49 and its 200 day moving average is $47.70.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at approximately $33,000. Optiver Holding B.V. acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter valued at approximately $34,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $43,000. 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 valued at approximately $48,000. Finally, Collier Financial acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter valued at approximately $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.