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O Shaughnessy Asset Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT – Get Rating) by 228.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,483 shares of the company’s stock after acquiring an additional 1,727 shares […]
The tech sector maintained strength in the past two weeks following the latest CPI release that showed inflation eased in October.
A major selloff in tech stocks this year could have investors seeking out equal-weight S&P 500 funds.
Equal weight sector ETFs are better positioned as Big Tech companies report disappointing third quarter earnings.
In the first nine months of 2022, IT sector ETFs gathered $6.2 billion, even as investors redeemed $1.1 billion in the third quarter.