Sovereign Financial Group Inc. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $204,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSPT. Kingstone Capital Partners Texas LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth about $219,602,000. RMG Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth about $55,241,000. Goldman Sachs Group Inc. raised its position in Invesco S&P 500 Equal Weight Technology ETF by 172.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock worth $15,991,000 after purchasing an additional 296,259 shares during the period. LPL Financial LLC raised its position in Invesco S&P 500 Equal Weight Technology ETF by 17.5% in the 1st quarter. LPL Financial LLC now owns 1,902,073 shares of the company’s stock worth $65,051,000 after purchasing an additional 283,494 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 572.7% during the first quarter. Jones Financial Companies Lllp now owns 188,755 shares of the company’s stock worth $6,455,000 after acquiring an additional 160,697 shares during the period.
Invesco S&P 500 Equal Weight Technology ETF Stock Performance
Shares of NYSEARCA:RSPT opened at $43.58 on Monday. The firm has a market cap of $3.92 billion, a PE ratio of 26.94 and a beta of 1.21. The firm’s 50 day simple moving average is $42.75 and its 200-day simple moving average is $39.27. Invesco S&P 500 Equal Weight Technology ETF has a one year low of $28.52 and a one year high of $46.02.
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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