Royal Bank of Canada Sells 65,785 Shares of Invesco S&P 500 Equal Weight Technology ETF $RSPT

Royal Bank of Canada decreased its stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,261,214 shares of the company’s stock after selling 65,785 shares during the period. Royal Bank of Canada’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $57,084,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Gateway Wealth Partners LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at approximately $2,659,000. Everest Financial Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at approximately $959,000. Van Diest Capital LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at $315,000. Waverly Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 91.7% during the first quarter. Waverly Advisors LLC now owns 15,773 shares of the company’s stock valued at $714,000 after buying an additional 7,547 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth approximately $66,437,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 0.6%

RSPT opened at $60.42 on Friday. The stock has a fifty day simple moving average of $62.16 and a two-hundred day simple moving average of $53.70. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $40.29 and a 12-month high of $67.49.

Invesco S&P 500 Equal Weight Technology ETF 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.