Independent Financial Group LLC Makes New Investment in Invesco S&P 500 Equal Weight Technology ETF $RSPT

Independent Financial Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,095 shares of the company’s stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RSPT. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 0.9% during the 3rd quarter. Bank of America Corp DE now owns 4,213,957 shares of the company’s stock valued at $187,858,000 after buying an additional 36,393 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,746,577 shares of the company’s stock worth $124,997,000 after acquiring an additional 141,025 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,426,364 shares of the company’s stock worth $58,167,000 after acquiring an additional 28,061 shares in the last quarter. Captrust Financial Advisors lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 0.8% during the 2nd quarter. Captrust Financial Advisors now owns 796,681 shares of the company’s stock valued at $32,489,000 after acquiring an additional 6,562 shares during the period. Finally, Baker Avenue Asset Management LP lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 4.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 584,152 shares of the company’s stock valued at $26,585,000 after acquiring an additional 25,862 shares during the period.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

NYSEARCA:RSPT opened at $59.33 on Friday. Invesco S&P 500 Equal Weight Technology ETF has a one year low of $40.29 and a one year high of $67.49. The company’s 50-day simple moving average is $62.07 and its 200 day simple moving average is $53.25. The firm has a market capitalization of $5.38 billion, a P/E ratio of 26.94 and a beta of 1.33.

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.