Kovack Advisors Inc. Buys 1,350 Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Kovack Advisors Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,920 shares of the company’s stock after purchasing an additional 1,350 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at about $25,000. Avior Wealth Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 510.3% during the 4th quarter. Avior Wealth Management LLC now owns 885 shares of the company’s stock worth $33,000 after acquiring an additional 740 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at approximately $38,000. Peterson Financial Group Inc. acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at approximately $39,000. Finally, Decker Retirement Planning Inc. purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth $41,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 3.3 %

Shares of RSPT stock opened at $37.00 on Friday. The company has a market cap of $4.19 billion, a PE ratio of 25.99 and a beta of 1.69. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $32.03 and a 12-month high of $40.49. The business’s fifty day simple moving average is $38.54 and its 200-day simple moving average is $37.88.

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.