LPL Financial LLC Boosts Stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

LPL Financial LLC raised its holdings in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,618,579 shares of the company’s stock after acquiring an additional 195,612 shares during the period. LPL Financial LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $60,567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RSPT. AdvisorNet Financial Inc bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth approximately $25,000. Assetmark Inc. grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 90.0% in the 4th quarter. Assetmark Inc. now owns 684 shares of the company’s stock worth $26,000 after buying an additional 324 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 510.3% in the 4th quarter. Avior Wealth Management LLC now owns 885 shares of the company’s stock worth $33,000 after buying an additional 740 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at $41,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth $41,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Shares of NYSEARCA:RSPT opened at $35.45 on Thursday. The firm has a fifty day moving average of $37.65 and a 200 day moving average of $37.79. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $32.03 and a 52-week high of $40.50. The firm has a market capitalization of $3.19 billion, a PE ratio of 27.21 and a beta of 1.19.

Invesco S&P 500 Equal Weight Technology ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.0441 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco S&P 500 Equal Weight Technology ETF’s previous dividend of $0.04.

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.