Kaydan Wealth Management Inc. Raises Stock Position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Kaydan Wealth Management Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,864 shares of the company’s stock after acquiring an additional 603 shares during the quarter. Kaydan Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $556,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $25,000. Kimelman & Baird LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth approximately $33,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth approximately $38,000. Peterson Financial Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at approximately $39,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at $41,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Invesco S&P 500 Equal Weight Technology ETF stock opened at $38.51 on Monday. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $32.01 and a fifty-two week high of $39.66. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69. The stock has a fifty day moving average of $38.31 and a two-hundred day moving average of $37.36.

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.