Gateway Wealth Partners LLC Makes New $2.66 Million Investment in Invesco S&P 500 Equal Weight Technology ETF $RSPT

Gateway Wealth Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) during the first quarter, HoldingsChannel.com reports. The fund purchased 58,756 shares of the company’s stock, valued at approximately $2,659,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RSPT. Root Financial Partners LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at about $33,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth about $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth about $48,000. Smartleaf Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth about $75,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth about $82,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.7%

RSPT opened at $59.73 on Tuesday. The company has a market cap of $5.42 billion, a P/E ratio of 26.94 and a beta of 1.33. The firm’s 50-day moving average price is $62.11 and its 200-day moving average price is $53.39. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $40.29 and a 52-week 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.