288,031 Shares in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Acquired by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 288,031 shares of the company’s stock, valued at approximately $10,778,000. Invesco S&P 500 Equal Weight Technology ETF makes up approximately 3.5% of Prasad Wealth Partners LLC’s holdings, making the stock its 7th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. PMG Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $232,000. Meitav Investment House Ltd. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $48,732,000. D.A. Davidson & CO. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 8.9% in the 4th quarter. D.A. Davidson & CO. now owns 15,713 shares of the company’s stock valued at $588,000 after purchasing an additional 1,278 shares in the last quarter. Tcfg Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.2% in the 4th quarter. Tcfg Wealth Management LLC now owns 13,382 shares of the company’s stock valued at $501,000 after purchasing an additional 656 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 71,942.1% in the 4th quarter. Allworth Financial LP now owns 278,803 shares of the company’s stock valued at $11,080,000 after purchasing an additional 278,416 shares in the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight Technology ETF stock opened at $38.20 on Tuesday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69. The company has a fifty day moving average of $38.55 and a 200-day moving average of $37.86. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $32.03 and a 52-week high of $40.49.

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.