Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Hits New 12-Month Low – What’s Next?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)’s share price reached a new 52-week low on Friday . The stock traded as low as $31.09 and last traded at $31.05, with a volume of 2315 shares trading hands. The stock had previously closed at $32.08.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 6.8 %

The company has a market cap of $2.68 billion, a PE ratio of 22.74 and a beta of 1.21. The business’s 50-day simple moving average is $36.87 and its 200-day simple moving average is $37.66.

Invesco S&P 500 Equal Weight Technology ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.0441 dividend. This is a positive change from Invesco S&P 500 Equal Weight Technology ETF’s previous dividend of $0.04. The ex-dividend date was Monday, March 24th.

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

Several institutional investors have recently modified their holdings of RSPT. Wells Fargo & Company MN grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 21.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,561,272 shares of the company’s stock worth $95,843,000 after acquiring an additional 452,376 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 13.7% during the fourth quarter. LPL Financial LLC now owns 1,618,579 shares of the company’s stock worth $60,567,000 after acquiring an additional 195,612 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $49,421,000. Meitav Investment House Ltd. acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $48,732,000. Finally, Baltimore Washington Financial Advisors Inc. raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 3.9% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 1,071,011 shares of the company’s stock valued at $40,077,000 after acquiring an additional 39,996 shares in the last quarter.

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.