Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 1-Year High – Should You Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPTGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $48.14 and last traded at $48.05, with a volume of 298017 shares traded. The stock had previously closed at $47.60.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.9%

The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26. The stock has a 50 day simple moving average of $46.02 and a 200 day simple moving average of $44.26.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Several large investors have recently added to or reduced their stakes in RSPT. Brighton Jones LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at $238,000. Goldman Sachs Group Inc. lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 172.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after purchasing an additional 296,259 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at about $3,490,000. Jane Street Group LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at about $1,096,000. Finally, Focus Partners Wealth grew its position in Invesco S&P 500 Equal Weight Technology ETF by 612.3% in the 1st quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock worth $256,000 after purchasing an additional 6,435 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

(Get Free Report)

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.

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