Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 12-Month High – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.00 and last traded at $47.6910, with a volume of 39106 shares traded. The stock had previously closed at $47.33.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.8%

The firm has a market cap of $4.16 billion, a P/E ratio of 26.94 and a beta of 1.26. The business has a fifty day simple moving average of $45.72 and a 200-day simple moving average of $44.06.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Carnegie Investment Counsel grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 40.3% in the third quarter. Carnegie Investment Counsel now owns 48,760 shares of the company’s stock worth $2,174,000 after acquiring an additional 14,011 shares during the period. Silver Oak Securities Incorporated boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 4,675.9% in the third quarter. Silver Oak Securities Incorporated now owns 13,659 shares of the company’s stock worth $609,000 after purchasing an additional 13,373 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 22.7% in the second quarter. Advisory Services Network LLC now owns 126,879 shares of the company’s stock worth $5,267,000 after purchasing an additional 23,502 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth approximately $424,000. Finally, Elevation Wealth Partners LLC raised its stake in Invesco S&P 500 Equal Weight Technology ETF by 242.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 18,056 shares of the company’s stock valued at $805,000 after buying an additional 12,786 shares during the last quarter.

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.