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

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $59.00 and last traded at $58.86, with a volume of 15478 shares changing hands. The stock had previously closed at $58.15.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 1.9%

The company has a market cap of $5.05 billion, a PE ratio of 26.94 and a beta of 1.29. The business has a 50-day simple moving average of $49.10 and a 200-day simple moving average of $47.20.

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

A number of large investors have recently modified their holdings of RSPT. Astoria Portfolio Advisors LLC. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 0.8% during the first quarter. Astoria Portfolio Advisors LLC. now owns 25,877 shares of the company’s stock worth $1,171,000 after buying an additional 199 shares during the period. NWF Advisory Services Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 3.4% during the first quarter. NWF Advisory Services Inc. now owns 6,050 shares of the company’s stock worth $274,000 after buying an additional 200 shares during the period. Kovack Advisors Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.3% during the fourth quarter. Kovack Advisors Inc. now owns 17,222 shares of the company’s stock worth $794,000 after buying an additional 225 shares during the period. Valicenti Advisory Services Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 0.4% during the fourth quarter. Valicenti Advisory Services Inc. now owns 56,125 shares of the company’s stock worth $2,554,000 after buying an additional 249 shares during the period. Finally, New Wave Wealth Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 3.6% during the third quarter. New Wave Wealth Advisors LLC now owns 7,425 shares of the company’s stock worth $331,000 after buying an additional 258 shares during the period.

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.