Meridian Wealth Management LLC Buys Shares of 6,274 Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Meridian Wealth Management LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,274 shares of the company’s stock, valued at approximately $237,000.

Several other hedge funds have also recently made changes to their positions in RSPT. Blue Trust Inc. lifted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 134.1% in the third quarter. Blue Trust Inc. now owns 5,163 shares of the company’s stock valued at $189,000 after acquiring an additional 2,958 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 72.6% in the third quarter. Sequoia Financial Advisors LLC now owns 16,408 shares of the company’s stock worth $619,000 after buying an additional 6,900 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Invesco S&P 500 Equal Weight Technology ETF by 7.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 53,673 shares of the company’s stock valued at $1,968,000 after buying an additional 3,635 shares during the period. Strategic Financial Concepts LLC increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 3,520.6% during the second quarter. Strategic Financial Concepts LLC now owns 265,390 shares of the company’s stock valued at $97,000 after buying an additional 258,060 shares during the last quarter. Finally, Mather Group LLC. bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth approximately $48,000.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Shares of RSPT stock opened at $39.08 on Tuesday. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69. Invesco S&P 500 Equal Weight Technology ETF has a 1 year low of $29.68 and a 1 year high of $39.28. The firm has a fifty day moving average price of $37.67 and a 200-day moving average price of $36.62.

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.