Kennicott Capital Management LLC Takes $2.48 Million Position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT)

Kennicott Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 75,882 shares of the company’s stock, valued at approximately $2,477,000. Invesco S&P 500 Equal Weight Technology ETF makes up 1.2% of Kennicott Capital Management LLC’s portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smith Salley & Associates purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth about $26,000. Riggs Asset Managment Co. Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth approximately $33,000. Annapolis Financial Services LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth approximately $55,000. Global Retirement Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth approximately $75,000. Finally, Toth Financial Advisory Corp purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth approximately $75,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

RSPT traded up $0.44 during midday trading on Tuesday, hitting $32.91. The stock had a trading volume of 300,123 shares, compared to its average volume of 548,113. The company has a market cap of $3.73 billion, a P/E ratio of 27.74 and a beta of 1.65. The business has a fifty day moving average of $34.40 and a 200 day moving average of $31.98. Invesco S&P 500 Equal Weight Technology ETF has a 1 year low of $25.50 and a 1 year 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.