Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Volume Increase – Still a Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw strong trading volume on Monday . 616,793 shares traded hands during trading, an increase of 79% from the previous session’s volume of 344,704 shares.The stock last traded at $46.62 and had previously closed at $45.66.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The stock has a market capitalization of $4.05 billion, a PE ratio of 26.94 and a beta of 1.26. The company’s fifty day simple moving average is $46.90 and its two-hundred day simple moving average is $45.53.

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

Large investors have recently bought and sold shares of the stock. Caldwell Trust Co acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth $28,000. Optiver Holding B.V. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at about $34,000. Halbert Hargrove Global Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at about $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at about $48,000. Finally, Collier Financial acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $62,000.

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.