Greenleaf Trust Cuts Stake in Invesco S&P 500 Equal Weight Technology ETF

Greenleaf Trust has reduced its investment in the Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 33.0% during the third quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. Following the sale of 3,500 shares during this period, the fund now holds 7,100 shares of the ETF, which are valued at around $268,000 as per the recent SEC disclosure.

Other institutional investors have also adjusted their positions in RSPT. For instance, Baltimore Washington Financial Advisors Inc. increased its stake in the ETF by 5.8% during the second quarter, bringing its total to 974,496 shares, which are worth approximately $35.7 million after acquiring an additional 53,273 shares. Similarly, Captrust Financial Advisors raised its holdings by 0.4% in the first quarter, totaling 853,616 shares valued at $30 million after buying 3,499 more shares.

EP Wealth Advisors LLC also boosted its stake by 5.5% in the second quarter, owning 498,458 shares now valued at $18.3 million after adding 26,024 shares. Graypoint LLC increased its position by 9.2% in the same quarter, accumulating 467,144 shares worth $17.1 million after acquiring 39,398 additional shares during that time. Janney Montgomery Scott LLC similarly raised its stake by 3.3%, with a total of 424,736 shares valued at $14.9 million after acquiring 13,433 shares.

Invesco S&P 500 Equal Weight Technology ETF Performance

As of last Friday, RSPT traded at $37.57. Over the past year, the ETF reached a low of $26.09 and a high of $38.90. The 50-day moving average stands at $37.06, while the 200-day moving average is $35.97. The ETF has a market capitalization of $4.26 billion, a price-to-earnings (P/E) ratio of 25.99, and a beta of 1.69.

About Invesco S&P 500 Equal Weight Technology ETF

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) primarily invests in equity within the information technology sector. This fund follows an equal-weighted index comprising technology companies from the S&P 500. Launched on November 1, 2006, RSPT is managed by Invesco.

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