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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 January 2023, to US$1.28 trillion, with a 5-year CAGR of 16.0%, according to ETFGI’s Febru...
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).