U.S. Capital Wealth Advisors LLC Reduces Stake in Invesco S&P 500 Equal Weight Technology ETF

U.S. Capital Wealth Advisors LLC has reduced its holdings in the Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Free Report) by 54.5% during the third quarter, as revealed in their latest 13F filing with the Securities & Exchange Commission. Following the sale of 110,122 shares, the firm now holds 91,933 shares of the ETF. As of the end of the most recent quarter, U.S. Capital Wealth Advisors LLC's stake in RSPT represents approximately 0.08% of the fund, valued at around $3,466,000.

Other institutional investors have also been active with their positions in RSPT. For example, PNC Financial Services Group Inc. purchased a new stake in the ETF valued at about $252,000 during the fourth quarter. Similarly, Global Assets Advisory LLC established a position in the first quarter, investing around $1,716,000. In addition, Dynamic Advisor Solutions LLC increased its stake by 4.4% in the first quarter, bringing its total to 50,038 shares valued at $1,761,000 after buying an additional 2,125 shares. Wealth Enhancement Advisory Services LLC also raised its position by 5.2%, resulting in a total of 289,833 shares worth $10,199,000. Notably, Astoria Portfolio Advisors LLC lifted its stake by 43.3% in the first quarter, and now holds 37,126 shares valued at $1,242,000.

Current Trading Status of Invesco S&P 500 Equal Weight Technology ETF

On Thursday, shares of NYSEARCA:RSPT opened at $37.25. The ETF has a 50-day moving average of $37.03 and a 200-day moving average of $35.93. With a market capitalization of $4.22 billion, the fund has a price-to-earnings (P/E) ratio of 25.99 and a beta of 1.69. RSPT has experienced a twelve-month range, hitting a low of $26.09 and a high of $38.90.

Overview of Invesco S&P 500 Equal Weight Technology ETF

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund investing primarily in information technology equities. The ETF is designed to track an equal-weighted index composed of S&P 500 technology companies. Launched on November 1, 2006, it is managed by Invesco.

investors, holdings, technology