Invesco S&P 500 Equal Weight Technology ETF $RSPT Shares Sold by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. reduced its position in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 42.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 70,585 shares of the company’s stock after selling 51,713 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $4,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $588,000. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at approximately $444,000. Hills Bank & Trust Co purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at approximately $1,250,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P 500 Equal Weight Technology ETF by 347.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 135,125 shares of the company’s stock worth $6,150,000 after acquiring an additional 104,932 shares during the period. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $853,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

NYSEARCA:RSPT opened at $64.57 on Tuesday. Invesco S&P 500 Equal Weight Technology ETF has a 1 year low of $40.35 and a 1 year high of $67.49. The stock has a fifty day moving average price of $62.24 and a two-hundred day moving average price of $54.46. The stock has a market capitalization of $5.86 billion, a price-to-earnings 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.