Royal Fund Management LLC Purchases New Holdings in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Royal Fund Management LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 106,869 shares of the company’s stock, valued at approximately $3,490,000.

Several other institutional investors also recently modified their holdings of the company. Smith Salley & Associates bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth $26,000. Riggs Asset Managment Co. Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $33,000. First Horizon Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $33,000. Annapolis Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $55,000. Finally, Toth Financial Advisory Corp bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at about $75,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 1.6 %

NYSEARCA:RSPT traded up $0.52 during mid-day trading on Friday, hitting $33.36. The company’s stock had a trading volume of 358,159 shares, compared to its average volume of 538,174. The stock has a fifty day moving average of $34.29 and a 200-day moving average of $32.21. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 25.99 and a beta of 1.69. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $25.51 and a fifty-two week high of $35.97.

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.