Monument Capital Management Increases Stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Monument Capital Management increased its position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 108.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 152,035 shares of the company’s stock after acquiring an additional 79,090 shares during the quarter. Invesco S&P 500 Equal Weight Technology ETF comprises 1.5% of Monument Capital Management’s investment portfolio, making the stock its 11th largest holding. Monument Capital Management owned approximately 0.15% of Invesco S&P 500 Equal Weight Technology ETF worth $5,350,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth $63,463,000. Davis Investment Partners LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $54,638,000. Raymond James Financial Services Advisors Inc. bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $46,132,000. Bouchey Financial Group Ltd bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $40,839,000. Finally, UBS Group AG bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $40,007,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.4 %

RSPT traded up $0.13 during trading hours on Wednesday, reaching $37.03. 93,685 shares of the company’s stock traded hands, compared to its average volume of 479,754. The firm has a 50-day moving average price of $35.19 and a 200 day moving average price of $34.17. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $26.09 and a 52-week high of $37.28. The firm has a market capitalization of $4.20 billion, a PE ratio of 25.99 and a beta of 1.69.

Invesco S&P 500 Equal Weight Technology ETF Company 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.