Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Hits New 12-Month High – Still a Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s share price hit a new 52-week high on Wednesday . The company traded as high as $39.73 and last traded at $39.79, with a volume of 29403 shares changing hands. The stock had previously closed at $39.06.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 1.9 %

The firm’s fifty day moving average price is $38.31 and its 200-day moving average price is $37.37. The company has a market cap of $4.51 billion, a P/E ratio of 25.99 and a beta of 1.69.

Institutional Trading of Invesco S&P 500 Equal Weight Technology ETF

Several hedge funds have recently modified their holdings of RSPT. Sanctuary Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter worth approximately $6,368,000. BNP Paribas Financial Markets lifted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 99.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 340,684 shares of the company’s stock worth $12,844,000 after buying an additional 170,000 shares in the last quarter. Raymond James & Associates boosted its position in Invesco S&P 500 Equal Weight Technology ETF by 18.4% in the 3rd quarter. Raymond James & Associates now owns 423,904 shares of the company’s stock valued at $15,981,000 after buying an additional 66,023 shares during the last quarter. Fortis Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at $2,251,000. Finally, Baltimore Washington Financial Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.8% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 1,031,015 shares of the company’s stock worth $38,869,000 after acquiring an additional 56,519 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

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.