Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $65.27 and traded as high as $66.32. Invesco S&P 500 Equal Weight Technology ETF shares last traded at $66.16, with a volume of 783,165 shares.
Invesco S&P 500 Equal Weight Technology ETF Stock Up 1.5%
The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 26.94 and a beta of 1.34. The company’s fifty day moving average is $65.27 and its 200 day moving average is $57.10.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 26.7% during the 1st 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 during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at approximately $66,437,000. Cetera Investment Advisers boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 54.6% in the 1st quarter. Cetera Investment Advisers now owns 341,701 shares of the company’s stock valued at $15,465,000 after buying an additional 120,625 shares during the last quarter. Prasad Wealth Partners LLC grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.8% in the first quarter. Prasad Wealth Partners LLC now owns 331,655 shares of the company’s stock valued at $15,011,000 after buying an additional 5,931 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.6% in the second quarter. Envestnet Asset Management Inc. now owns 296,357 shares of the company’s stock valued at $19,115,000 after buying an additional 15,633 shares in 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.
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