Empirical Asset Management LLC Lowers Stock Holdings in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Empirical Asset Management LLC lowered its stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,040 shares of the company’s stock after selling 555 shares during the quarter. Empirical Asset Management LLC owned about 0.07% of Invesco S&P 500 Equal Weight Technology ETF worth $2,829,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $1,593,000. Fisher Asset Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $472,000. B. Riley Wealth Advisors Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $801,000. PNC Financial Services Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $252,000. Finally, Capital Market Strategies LLC grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 4.4% during the 1st quarter. Capital Market Strategies LLC now owns 89,444 shares of the company’s stock valued at $3,148,000 after buying an additional 3,765 shares during the period.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Invesco S&P 500 Equal Weight Technology ETF stock traded up $0.26 during trading on Monday, reaching $38.67. 48,039 shares of the company’s stock were exchanged, compared to its average volume of 558,731. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $26.09 and a 52-week high of $38.77. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69. The company’s 50-day moving average is $36.49 and its two-hundred day moving average is $35.77.

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.