Patten & Patten Inc. TN Purchases New Position in Invesco S&P 500 Equal Weight Technology ETF $RSPT

Patten & Patten Inc. TN acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 76,637 shares of the company’s stock, valued at approximately $3,416,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RSPT. Carnegie Investment Counsel increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 40.3% during the 3rd quarter. Carnegie Investment Counsel now owns 48,760 shares of the company’s stock worth $2,174,000 after purchasing an additional 14,011 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in Invesco S&P 500 Equal Weight Technology ETF by 4,675.9% in the third quarter. Silver Oak Securities Incorporated now owns 13,659 shares of the company’s stock valued at $609,000 after buying an additional 13,373 shares in the last quarter. Advisory Services Network LLC boosted its position in Invesco S&P 500 Equal Weight Technology ETF by 22.7% in the second quarter. Advisory Services Network LLC now owns 126,879 shares of the company’s stock valued at $5,267,000 after buying an additional 23,502 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 242.6% during the third quarter. Elevation Wealth Partners LLC now owns 18,056 shares of the company’s stock worth $805,000 after buying an additional 12,786 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the second quarter worth about $424,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 1.0%

NYSEARCA:RSPT opened at $47.22 on Friday. The stock has a market capitalization of $4.11 billion, a P/E ratio of 26.94 and a beta of 1.26. Invesco S&P 500 Equal Weight Technology ETF has a 1 year low of $28.52 and a 1 year high of $48.00. The firm has a 50 day moving average of $45.84 and a 200-day moving average of $44.15.

Invesco S&P 500 Equal Weight Technology ETF Profile

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.