Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Reaches New 12-Month High – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) shares hit a new 52-week high during trading on Monday . The stock traded as high as $39.30 and last traded at $39.29, with a volume of 117070 shares trading hands. The stock had previously closed at $38.71.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The stock has a fifty day simple moving average of $37.87 and a 200 day simple moving average of $36.78. The firm has a market cap of $4.43 billion, a P/E ratio of 25.99 and a beta of 1.69.

Institutional Trading of Invesco S&P 500 Equal Weight Technology ETF

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth approximately $27,000. Kimelman & Baird LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth $33,000. Allspring Global Investments Holdings LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at $38,000. Peterson Financial Group Inc. bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at about $39,000. Finally, Mather Group LLC. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth about $48,000.

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.