SFE Investment Counsel Trims Stock Holdings in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

SFE Investment Counsel cut its stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,067 shares of the company’s stock after selling 813 shares during the quarter. SFE Investment Counsel’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSPT. PNC Financial Services Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter worth $252,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth $131,000. Monument Capital Management boosted its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 108.4% during the first quarter. Monument Capital Management now owns 152,035 shares of the company’s stock worth $5,350,000 after acquiring an additional 79,090 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at $217,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at $303,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.1 %

RSPT opened at $37.62 on Tuesday. The company has a market capitalization of $4.26 billion, a PE ratio of 25.99 and a beta of 1.69. The firm has a 50-day simple moving average of $37.07 and a two-hundred day simple moving average of $36.00. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $26.09 and a 52 week high of $38.90.

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.