Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Hits New 52-Week High – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPTGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $47.25 and last traded at $47.4940, with a volume of 187598 shares. The stock had previously closed at $46.72.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 1.3%

The business’s 50 day simple moving average is $45.12 and its 200 day simple moving average is $42.51. The company has a market capitalization of $4.27 billion, a PE ratio of 26.94 and a beta of 1.26.

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

Large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 2.0% in the third quarter. CIBC Private Wealth Group LLC now owns 21,204 shares of the company’s stock valued at $945,000 after purchasing an additional 410 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at $945,000. Portus Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter worth about $2,666,000. Sunbelt Securities Inc. lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 4,505.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,132 shares of the company’s stock worth $452,000 after acquiring an additional 9,912 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $225,000.

About Invesco S&P 500 Equal Weight Technology ETF

(Get Free Report)

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.

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