Sax Wealth Advisors LLC Cuts Stake in Invesco S&P 500 Equal Weight Technology ETF $RSPT

Sax Wealth Advisors LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 54.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 12,987 shares of the company’s stock after selling 15,660 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $838,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RSPT. RMG Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at about $66,437,000. Bank of America Corp DE raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 26.7% in the first quarter. Bank of America Corp DE now owns 5,230,024 shares of the company’s stock worth $236,711,000 after purchasing an additional 1,102,277 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 172.9% during the first quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after buying an additional 296,259 shares during the last quarter. Chicago Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at about $9,848,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at about $8,607,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 0.1%

NYSEARCA RSPT opened at $64.57 on Tuesday. The firm has a market cap of $5.86 billion, a PE ratio of 26.94 and a beta of 1.33. The company has a 50 day moving average price of $62.24 and a 200 day moving average price of $54.46. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $40.35 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.