Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw strong trading volume on Tuesday . 823,220 shares changed hands during trading, an increase of 130% from the previous session’s volume of 357,478 shares.The stock last traded at $46.8550 and had previously closed at $47.16.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 0.7%

The company has a market capitalization of $4.07 billion, a P/E ratio of 26.94 and a beta of 1.26. The business has a 50 day simple moving average of $46.70 and a 200-day simple moving average of $44.88.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caldwell Trust Co acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth $28,000. Advisors Preferred LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at $32,000. Optiver Holding B.V. bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at about $34,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth about $43,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth about $48,000.

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.