Invesco S&P 500 Equal Weight Technology ETF $RSPT Shares Acquired by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP grew its stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 584,152 shares of the company’s stock after buying an additional 25,862 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $26,585,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Optiver Holding B.V. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $34,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $43,000. Collier Financial purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $62,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $82,000. Finally, Advisors Preferred LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 170.4% during the 3rd quarter. Advisors Preferred LLC now owns 2,101 shares of the company’s stock worth $95,000 after acquiring an additional 1,324 shares in the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 0.8%

RSPT stock opened at $61.92 on Thursday. The company’s 50-day simple moving average is $51.99 and its 200-day simple moving average is $48.24. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $36.86 and a 52-week high of $62.75. The firm has a market cap of $5.40 billion, a P/E ratio of 26.94 and a beta of 1.29.

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.