What Invesco S&P 500 Equal Weight Tech (RSPT) Bought: Okta Leads on Wednesday
Invesco S&P 500 Equal Weight Tech ETF (RSPT) reported $175.4M in gross activity, buying Okta (OKTA) for $89.1M and selling small stakes in Accenture (ACN), PTC (PTC), and Autodesk (ADSK). RSPT holds 76 large-cap tech stocks, with top holdings including PTC, Accenture, and Autodesk. The fund has a 0.4% expense ratio, P/E of 28.31, and 25.5% YTD return.
How this was made
The 30-second read
Why it matters
The ETF’s new $89.1 M stake in Okta is the primary catalyst; small reductions in other holdings have limited effect.
Market read
ETF’s allocation shift may nudge Okta higher; other minor sells are unlikely to move their stocks materially.
What to watch
Okta’s recent product launches and contract wins could amplify the fund’s bullish stance beyond the disclosed purchase.
Background
Daily fund activity report for the Invesco S&P 500 Equal Weight Technology ETF (RSPT).
Ticker impact
Invesco S&P 500 Equal Weight Technology ETF disclosed a net $2.9 M purchase and added a new $89.1 M position in Okta on Wednesday.
likely upward pressure on OKTA as the fund adds a sizable stake
The fund’s $89.1 M buy is a fresh, material allocation to Okta, suggesting short‑term demand.
Okta received a new $89.1 M stake (466,448 shares) from the RSPT ETF, its largest purchase that day.
upward pressure as the ETF adds a large position
A single‑day $89 M purchase is a notable catalyst for a mid‑cap security.
Accenture PLC was reduced by $1.8 M in the RSPT ETF’s holdings on Wednesday.
slight downward pressure from the fund’s reduction
The sell amount is small relative to the fund’s total assets.
PTC Inc. was reduced by $1.8 M in the RSPT ETF’s holdings on Wednesday.
slight downward pressure from the fund’s reduction
The sell amount is small relative to the fund’s total assets.
Autodesk Inc. was reduced by $1.6 M in the RSPT ETF’s holdings on Wednesday.
slight downward pressure from the fund’s reduction
The sell amount is small relative to the fund’s total assets.
Roper Technologies Inc. was reduced by $1.5 M in the RSPT ETF’s holdings on Wednesday.
slight downward pressure from the fund’s reduction
The sell amount is small relative to the fund’s total assets.
GoDaddy Inc. was reduced by $1.5 M in the RSPT ETF’s holdings on Wednesday.
slight downward pressure from the fund’s reduction
The sell amount is small relative to the fund’s total assets.
Market effects
The fund’s net buying in Okta may signal broader confidence in identity‑security stocks within the tech sector.
U.S. equity markets may see modest upside in the security‑software niche.
Limited to U.S. tech investors; no direct global macro impact.
Counterpoint
The modest net buying could be a temporary allocation; price impact may be muted if broader market sentiment stays flat.
Key entities
- ETFInvesco S&P 500 Equal Weight Technology ETF
Ticker RSPT, 0.4% expense ratio, $5.77 B assets.
- CompanyOkta Inc.
Identity‑security provider, added to RSPT with $89.1 M purchase.
