Page 16 - Weight Technology News Today

Activest Wealth Management increased its stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT – Get Rating) by 23.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,330 shares of the company’s stock after buying an additional 2,148 shares during the period. Invesco S&P 500 Equal Weight Technology ETF accounts for […]

<p><span>ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that Smart Beta equity ETFs listed globally gathered net inflows of US$2.41 billion during February, bringing year to date net inflows to US$8.34 billion, which is lower than the US$36.82 billion gathered at this point last year. During February 2023, Smart Beta Equity ETFs assets have increased by 0.8% from US$1.26 trillion at the end of ...

EWCO, RYT, and RCD offer equal-weight exposure to the communication services, info tech, and consumer discretionary sectors, respectively.

The tech sector is leading as markets rally on Thursday amid a volatile week.

Index giants S&P and MSCI commence the latest alterations to the global industry classification standard (GICS).

In February, three Invesco equal weight sector ETFs saw notable inflows as equal weight strategies offer more balanced exposure.

$200 billion of sector ETFs will be undergoing significant changes, but many advisors and end clients likely will not be aware of the shifts.

While the expectation is that the tech sector will eventually rebound, it can still be subject to heavy volatility as it implements layoffs.

Seagate is weighted just 0.14% in a market cap-weighted S&P 500 tech sector ETF, but given a weight of 1.45% in RYT.

Big tech earnings are in the spotlight this week and next as investors anticipate fourth quarter results.