Briggs Wealth Management Inc Makes New Investment in Invesco S&P 500 Equal Weight Technology ETF $RSPT

Briggs Wealth Management Inc bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 11,372 shares of the company’s stock, valued at approximately $518,000. Invesco S&P 500 Equal Weight Technology ETF comprises approximately 0.6% of Briggs Wealth Management Inc’s portfolio, making the stock its 22nd largest holding.

A number of other large investors also recently made changes to their positions in RSPT. Bank of America Corp DE increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 4,213,957 shares of the company’s stock valued at $187,858,000 after purchasing an additional 36,393 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,746,577 shares of the company’s stock worth $124,997,000 after buying an additional 141,025 shares during the period. Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,426,364 shares of the company’s stock worth $58,167,000 after buying an additional 28,061 shares during the period. Baltimore Washington Financial Advisors Inc. grew 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 buying an additional 274,166 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 0.8% in the 2nd quarter. Captrust Financial Advisors now owns 796,681 shares of the company’s stock valued at $32,489,000 after acquiring an additional 6,562 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Shares of NYSEARCA:RSPT opened at $63.93 on Friday. The firm’s 50 day simple moving average is $57.64 and its 200 day simple moving average is $50.43. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $38.47 and a fifty-two week high of $67.49. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33.

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.