Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Reaches New 52-Week High – What’s Next?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $49.04 and last traded at $49.01, with a volume of 324206 shares changing hands. The stock had previously closed at $47.61.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company’s 50 day moving average price is $46.55 and its 200 day moving average price is $46.05. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 26.94 and a beta of 1.23.

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

Several institutional investors and hedge funds have recently made changes to their positions in RSPT. Caldwell Trust Co acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter valued at $28,000. Optiver Holding B.V. bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at about $34,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at about $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 fourth quarter valued at about $48,000. Finally, Collier Financial bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at about $62,000.

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.