Baker Avenue Asset Management LP Purchases 20,729 Shares of Invesco S&P 500 Equal Weight Technology ETF $RSPT

Baker Avenue Asset Management LP boosted its position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 3.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 558,290 shares of the company’s stock after purchasing an additional 20,729 shares during the period. Baker Avenue Asset Management LP owned about 0.62% of Invesco S&P 500 Equal Weight Technology ETF worth $24,889,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at approximately $238,000. Goldman Sachs Group Inc. grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 172.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after purchasing an additional 296,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at $3,490,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at $1,096,000. Finally, Focus Partners Wealth raised its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 612.3% during the 1st quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock worth $256,000 after purchasing an additional 6,435 shares during the period.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Shares of NYSEARCA:RSPT opened at $47.22 on Friday. The company has a market capitalization of $4.11 billion, a P/E ratio of 26.94 and a beta of 1.26. The company’s 50-day moving average is $45.84 and its 200 day moving average is $44.13. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $28.52 and a fifty-two week high of $48.00.

Invesco S&P 500 Equal Weight Technology ETF 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.