Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Reaches New 1-Year High – Still a Buy?

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) hit a new 52-week high during trading on Thursday . The company traded as high as $38.92 and last traded at $38.86, with a volume of 167266 shares trading hands. The stock had previously closed at $38.42.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The firm has a market cap of $4.41 billion, a P/E ratio of 25.99 and a beta of 1.69. The stock’s 50 day simple moving average is $37.22 and its 200 day simple moving average is $36.25.

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

Several institutional investors have recently made changes to their positions in RSPT. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at about $27,000. Kimelman & Baird LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the second quarter valued at about $33,000. Allspring Global Investments Holdings LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at about $38,000. Peterson Financial Group Inc. purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at about $39,000. Finally, Mather Group LLC. purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the second quarter valued at about $48,000.

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.