Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Strong Trading Volume

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw unusually-high trading volume on Monday . Approximately 3,139,885 shares traded hands during trading, an increase of 392% from the previous session’s volume of 638,515 shares.The stock last traded at $33.46 and had previously closed at $34.33.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 2.3 %

The stock has a 50-day moving average price of $36.42 and a two-hundred day moving average price of $34.93. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter worth $27,000. Blue Bell Private Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the first quarter valued at approximately $28,000. Smith Salley & Associates purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $26,000. NBC Securities Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth approximately $30,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $33,000.

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.