Envestnet Asset Management Inc. Decreases Stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Envestnet Asset Management Inc. reduced its stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 389,477 shares of the company’s stock after selling 27,896 shares during the period. Envestnet Asset Management Inc. owned about 0.44% of Invesco S&P 500 Equal Weight Technology ETF worth $13,320,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at approximately $49,421,000. Wells Fargo & Company MN raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 21.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,561,272 shares of the company’s stock worth $95,843,000 after purchasing an additional 452,376 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 9,384.2% in the first quarter. Farther Finance Advisors LLC now owns 212,445 shares of the company’s stock worth $7,302,000 after purchasing an additional 210,205 shares in the last quarter. LPL Financial LLC raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 13.7% in the fourth quarter. LPL Financial LLC now owns 1,618,579 shares of the company’s stock worth $60,567,000 after purchasing an additional 195,612 shares in the last quarter. Finally, Climber Capital SA bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth $5,940,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 0.5%

RSPT opened at $41.57 on Friday. The stock has a fifty day simple moving average of $39.25 and a two-hundred day simple moving average of $37.17. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 26.94 and a beta of 1.21. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $28.52 and a 12-month high of $41.81.

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.