Baker Avenue Asset Management LP Decreases Stock Position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Baker Avenue Asset Management LP trimmed its position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 507,948 shares of the company’s stock after selling 64,805 shares during the period. Baker Avenue Asset Management LP’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $19,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baltimore Washington Financial Advisors Inc. increased its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.8% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 974,496 shares of the company’s stock worth $35,725,000 after buying an additional 53,273 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 0.4% in the first quarter. Captrust Financial Advisors now owns 853,616 shares of the company’s stock worth $30,039,000 after purchasing an additional 3,499 shares during the period. EP Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 5.5% in the second quarter. EP Wealth Advisors LLC now owns 498,458 shares of the company’s stock worth $18,273,000 after purchasing an additional 26,024 shares during the period. Graypoint LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 9.2% during the second quarter. Graypoint LLC now owns 467,144 shares of the company’s stock valued at $17,125,000 after acquiring an additional 39,398 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 18.4% during the third quarter. Raymond James & Associates now owns 423,904 shares of the company’s stock valued at $15,981,000 after acquiring an additional 66,023 shares during the period.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Shares of RSPT traded down $0.06 during midday trading on Friday, hitting $38.92. 254,055 shares of the stock traded hands, compared to its average volume of 538,954. Invesco S&P 500 Equal Weight Technology ETF has a 1-year low of $27.89 and a 1-year high of $39.04. The firm has a market capitalization of $4.41 billion, a PE ratio of 25.99 and a beta of 1.69. The business’s 50 day moving average price is $37.22 and its two-hundred day moving average price is $36.27.

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.