Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Volume Increase – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares saw unusually-high trading volume on Tuesday . Approximately 458,584 shares traded hands during trading, a decline of 6% from the previous session’s volume of 485,693 shares.The stock last traded at $61.13 and had previously closed at $62.41.

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

The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33. The stock’s fifty day moving average price is $61.02 and its 200-day moving average price is $52.07.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPT. Graham Capital Wealth Management LLC increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 15.8% in the fourth quarter. Graham Capital Wealth Management LLC now owns 180,329 shares of the company’s stock valued at $8,207,000 after acquiring an additional 24,599 shares during the last quarter. Ethos Capital Management Inc. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $1,118,000. Wealth Enhancement Trust Services Inc. bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at approximately $444,000. Global Assets Advisory LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at approximately $588,000. Finally, Hills Bank & Trust Co acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $1,250,000.

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.