Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Volume Increase

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares saw an uptick in trading volume on Wednesday . 2,491,863 shares traded hands during mid-day trading, an increase of 413% from the previous session’s volume of 486,065 shares.The stock last traded at $36.34 and had previously closed at $36.95.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 1.5 %

The firm has a 50 day simple moving average of $36.38 and a 200-day simple moving average of $34.73. The stock has a market cap of $4.11 billion, a P/E ratio of 25.99 and a beta of 1.69.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPT. Harbour Investments Inc. increased its stake in Invesco S&P 500 Equal Weight Technology ETF by 73.8% in the second quarter. Harbour Investments Inc. now owns 4,710 shares of the company’s stock valued at $173,000 after acquiring an additional 2,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 12.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 377,805 shares of the company’s stock worth $13,850,000 after acquiring an additional 41,667 shares during the last quarter. Patten Group Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.8% in the 2nd quarter. Patten Group Inc. now owns 30,769 shares of the company’s stock valued at $1,128,000 after purchasing an additional 1,676 shares in the last quarter. Secure Asset Management LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth approximately $1,652,000. Finally, &PARTNERS acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth approximately $672,000.

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.