Envestnet Portfolio Solutions Inc. reduced its holdings in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – free report ) by 2.7% during the first quarter, according to its latest disclosure with the Securities and Exchange Commission (SEC). The institutional investor sold 606 shares during the quarter to hold 21,794 shares of the company’s stock. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $767,000 as of the latest filing with the Securities and Exchange Commission (SEC).
Many other hedge funds also modified their positions in this stock. Wells Fargo & Company MN purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF worth approximately $63,463,000 in the fourth quarter. Davis Investment Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF worth approximately $54,638,000 in the fourth quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF worth approximately $46,132,000 in the fourth quarter. Boushey Financial Group purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF worth approximately $40,839,000 in the fourth quarter. Finally, UBS Group AG acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth about $40,007,000.
Invesco S&P 500 Equal Weight Technology ETF Stock Performance
NYSEARCA:RSPT opened trading at $37.32 on Thursday. The stock’s 50-day moving average price is $36.05 and its 200-day moving average price is $34.53. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $26.09 and a 52-week high of $38.50. The company has a market cap of $4.23 billion, a P/E ratio of 25.99 and a beta of 1.69.
Invesco S&P 500 Equal Weight Technology ETF Profile
(Free report)
Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that invests primarily in information technology stocks. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on November 1, 2006 and is managed by Invesco.
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