RMG Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 1,467,902 shares of the company’s stock, valued at approximately $66,437,000. Invesco S&P 500 Equal Weight Technology ETF makes up approximately 7.9% of RMG Wealth Management LLC’s portfolio, making the stock its 5th biggest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in RSPT. Root Financial Partners LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth about $33,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th 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 in the 4th quarter valued at approximately $48,000. Smartleaf Asset Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $75,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $82,000.
Invesco S&P 500 Equal Weight Technology ETF Stock Down 0.8%
Shares of Invesco S&P 500 Equal Weight Technology ETF stock opened at $59.76 on Friday. The stock has a market capitalization of $5.42 billion, a P/E ratio of 26.94 and a beta of 1.33. The stock has a 50 day moving average price of $62.04 and a two-hundred day moving average price of $53.21. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $40.29 and a 12-month high of $67.49.
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.
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Want to see what other hedge funds are holding RSPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Free Report).
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