Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sets New 1-Year High – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares reached a new 52-week high on Thursday. The company traded as high as $67.65 and last traded at $67.3680, with a volume of 473585 shares traded. The stock had previously closed at $65.86.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 1.0%

The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 26.94 and a beta of 1.34. The company’s 50 day moving average is $64.24 and its 200 day moving average is $59.32.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RSPT. Root Financial Partners LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth $33,000. West Branch Capital LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth $35,000. FAS Wealth Partners Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth $48,000. Markowski Investments acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the second quarter valued at about $64,000. Finally, Western Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $68,000.

Invesco S&P 500 Equal Weight Technology ETF Company 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.