Sequoia Financial Advisors LLC Increases Position in Invesco S&P 500 Equal Weight Technology ETF $RSPT

Sequoia Financial Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 52.6% in the third quarter, HoldingsChannel reports. The firm owned 35,028 shares of the company’s stock after buying an additional 12,070 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $1,562,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Caldwell Trust Co bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth about $28,000. Advisors Preferred LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter valued at about $32,000. Pflug Koory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth approximately $33,000. Founders Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth approximately $63,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth approximately $77,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.8%

Shares of RSPT opened at $47.70 on Friday. The company has a 50 day moving average of $45.79 and a two-hundred day moving average of $44.09. Invesco S&P 500 Equal Weight Technology ETF has a twelve month low of $28.52 and a twelve month high of $48.00. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26.

Invesco S&P 500 Equal Weight Technology ETF 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.