Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 12-Month High – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares reached a new 52-week high on Wednesday . The company traded as high as $49.00 and last traded at $48.59, with a volume of 109691 shares trading hands. The stock had previously closed at $46.82.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The stock has a fifty day moving average price of $46.52 and a two-hundred day moving average price of $45.94. The company has a market cap of $4.20 billion, a P/E ratio of 26.94 and a beta of 1.23.

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

Hedge funds have recently made changes to their positions in the business. Caldwell Trust Co bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at approximately $28,000. Optiver Holding B.V. bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at approximately $34,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $48,000. Finally, Collier Financial acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at approximately $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.