Laurel Wealth Advisors LLC Buys 259,963 Shares of Invesco S&P 500 Equal Weight Technology ETF $RSPT

Laurel Wealth Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 3,978.0% during the 2nd quarter, Holdings Channel reports. The firm owned 266,498 shares of the company’s stock after buying an additional 259,963 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $10,868,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 160.3% during the second quarter. JPMorgan Chase & Co. now owns 1,451,125 shares of the company’s stock valued at $59,177,000 after buying an additional 893,554 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth approximately $201,000. Foundations Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth approximately $240,000. SFE Investment Counsel boosted its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.8% during the 2nd quarter. SFE Investment Counsel now owns 14,809 shares of the company’s stock valued at $604,000 after acquiring an additional 256 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter valued at approximately $234,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

RSPT stock opened at $44.30 on Thursday. The firm has a fifty day moving average price of $44.89 and a 200 day moving average price of $42.00. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $28.52 and a fifty-two week high of $47.00. The firm has a market cap of $3.99 billion, a PE ratio of 26.94 and a beta of 1.26.

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.