RMG Wealth Management LLC Acquires New Shares in Invesco S&P 500 Equal Weight Technology ETF $RSPT

RMG Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,467,902 shares of the company’s stock, valued at approximately $66,437,000. Invesco S&P 500 Equal Weight Technology ETF makes up approximately 7.9% of RMG Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. RMG Wealth Management LLC owned approximately 1.68% of Invesco S&P 500 Equal Weight Technology ETF at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RSPT. Brighton Jones LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $238,000. Goldman Sachs Group Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 172.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after buying an additional 296,259 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at approximately $3,490,000. Jane Street Group LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth approximately $1,096,000. Finally, Focus Partners Wealth increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 612.3% in the first quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock worth $256,000 after buying an additional 6,435 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Shares of RSPT opened at $59.76 on Friday. The firm has a market cap of $5.42 billion, a PE ratio of 26.94 and a beta of 1.33. The firm’s 50 day moving average price is $62.04 and its 200 day moving average price is $53.21. Invesco S&P 500 Equal Weight Technology ETF has a twelve month low of $40.29 and a twelve month high of $67.49.

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.