Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw unusually-high trading volume on Friday . Approximately 469,426 shares were traded during trading, an increase of 34% from the previous session’s volume of 351,215 shares.The stock last traded at $44.46 and had previously closed at $45.24.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The business has a 50-day moving average of $46.79 and a 200-day moving average of $45.76. The company has a market capitalization of $3.86 billion, a P/E ratio of 26.94 and a beta of 1.26.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Several hedge funds have recently added to or reduced their stakes in RSPT. Caldwell Trust Co purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth about $28,000. Optiver Holding B.V. purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at approximately $34,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $48,000. Finally, Collier Financial purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the third quarter worth approximately $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.