Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Free Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 18,750 shares of the company’s stock, valued at approximately $853,000. Invesco S&P 500 Equal Weight Technology ETF makes up 0.7% of Gunpowder Capital Management LLC dba Oliver Wealth Management’s holdings, making the stock its 27th biggest holding.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Graham Capital Wealth Management LLC boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 15.8% during the fourth quarter. Graham Capital Wealth Management LLC now owns 180,329 shares of the company’s stock valued at $8,207,000 after acquiring an additional 24,599 shares during the period. HighTower Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 7.4% in the third quarter. HighTower Advisors LLC now owns 409,930 shares of the company’s stock worth $18,275,000 after purchasing an additional 28,130 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 24.5% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 1,392,499 shares of the company’s stock worth $62,078,000 after purchasing an additional 274,166 shares during the last quarter. Zhang Financial LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $485,000. Finally, Wealth Enhancement Trust Services Inc. bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $444,000.
Invesco S&P 500 Equal Weight Technology ETF Price Performance
Shares of NYSEARCA:RSPT opened at $63.93 on Friday. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33. The business has a 50 day moving average price of $57.95 and a 200 day moving average price of $50.52. Invesco S&P 500 Equal Weight Technology ETF has a twelve month low of $38.47 and a twelve month high of $67.49.
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.
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