Valley National Advisers Inc. Has $1.72 Million Position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Valley National Advisers Inc. boosted its stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,879 shares of the company’s stock after purchasing an additional 1,870 shares during the quarter. Valley National Advisers Inc.’s holdings in Invesco S&P 500 Equal Weight Technology ETF were worth $1,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter worth approximately $28,000. NBC Securities Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at $30,000. Riggs Asset Managment Co. Inc. acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $33,000. First Horizon Advisors Inc. bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth approximately $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $34,000.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Shares of RSPT remained flat at $36.62 during trading hours on Friday. The company had a trading volume of 173,660 shares, compared to its average volume of 626,925. Invesco S&P 500 Equal Weight Technology ETF has a 12 month low of $26.09 and a 12 month high of $38.50. The firm has a market cap of $4.15 billion, a P/E ratio of 25.99 and a beta of 1.69. The stock’s 50 day moving average is $36.38 and its 200-day moving average is $35.03.

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.