Laurel Wealth Advisors LLC Takes Position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Laurel Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 7,170 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Walled Lake Planning & Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $6,804,000. Tradition Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $1,769,000. Condor Capital Management bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $8,229,000. Brown Brothers Harriman & Co. bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $685,000. Finally, Goldstein Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $920,000.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

RSPT traded up $0.29 during trading hours on Friday, hitting $33.51. 351,947 shares of the stock were exchanged, compared to its average volume of 544,488. The stock has a 50-day simple moving average of $34.35 and a 200-day simple moving average of $32.08. Invesco S&P 500 Equal Weight Technology ETF has a 12 month low of $25.50 and a 12 month high of $35.97. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 27.74 and a beta of 1.65.

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.