Farmers & Merchants Investments Inc. Makes New $131,000 Investment in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Posted by Adam Masters on Jul 2nd, 2024

Farmers & Merchants Investments Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,710 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at about $6,540,000. Advisory Services Network LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at approximately $4,755,000. Goldstein Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $920,000. Mission Wealth Management LP purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $473,000. Finally, Neville Rodie & Shaw Inc. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $4,880,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 0.2 %

Shares of NYSEARCA:RSPT traded up $0.09 on Tuesday, hitting $36.69. 146,635 shares of the company were exchanged, compared to its average volume of 481,568. The firm has a market capitalization of $4.16 billion, a P/E ratio of 25.99 and a beta of 1.69. Invesco S&P 500 Equal Weight Technology ETF has a 1-year low of $26.09 and a 1-year high of $37.28. The stock’s 50 day moving average price is $35.11 and its 200 day moving average price is $34.14.

About Invesco S&P 500 Equal Weight Technology ETF

(Free Report)

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.