Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Stake Cut by Royal Fund Management LLC

Royal Fund Management LLC cut its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 66.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,766 shares of the company’s stock after selling 77,123 shares during the quarter. Royal Fund Management LLC’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $1,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Graypoint LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth $15,052,000. EP Wealth Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 867.8% in the 1st quarter. EP Wealth Advisors LLC now owns 472,434 shares of the company’s stock valued at $16,625,000 after buying an additional 423,620 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at approximately $12,915,000. Strategic Financial Concepts LLC increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 3,520.6% in the second quarter. Strategic Financial Concepts LLC now owns 265,390 shares of the company’s stock worth $97,000 after buying an additional 258,060 shares during the last quarter. Finally, Chicago Wealth Management Inc. bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $8,403,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 0.1 %

NYSEARCA RSPT traded up $0.04 during trading on Wednesday, reaching $37.84. The company’s stock had a trading volume of 5,390 shares, compared to its average volume of 562,404. The business has a 50-day moving average price of $36.32 and a 200-day moving average price of $35.70. Invesco S&P 500 Equal Weight Technology ETF has a 1-year low of $26.09 and a 1-year high of $38.50. The stock has a market capitalization of $4.29 billion, a PE ratio of 25.99 and a beta of 1.69.

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.