PMG Wealth Management Inc. Makes New $232,000 Investment in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

PMG Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,207 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meitav Investment House Ltd. bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth about $48,732,000. Allworth Financial LP boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 71,942.1% during the 4th quarter. Allworth Financial LP now owns 278,803 shares of the company’s stock valued at $11,080,000 after acquiring an additional 278,416 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 3,644.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 285,870 shares of the company’s stock worth $10,697,000 after acquiring an additional 278,236 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 99.6% during the third quarter. BNP Paribas Financial Markets now owns 340,684 shares of the company’s stock valued at $12,844,000 after purchasing an additional 170,000 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 124.7% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 206,552 shares of the company’s stock valued at $7,729,000 after purchasing an additional 114,619 shares during the period.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 3.2 %

Shares of RSPT stock opened at $38.69 on Friday. The stock has a market capitalization of $4.38 billion, a P/E ratio of 25.99 and a beta of 1.69. The firm’s 50 day moving average is $38.57 and its 200 day moving average is $37.74. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $32.03 and a 12-month high of $40.49.

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.