Davis Investment Partners LLC Sells 6,469 Shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN)

Davis Investment Partners LLC trimmed its position in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,408 shares of the company’s stock after selling 6,469 shares during the quarter. Invesco S&P 500 Equal Weight Industrials ETF accounts for 6.2% of Davis Investment Partners LLC’s holdings, making the stock its 3rd largest holding. Davis Investment Partners LLC owned 1.94% of Invesco S&P 500 Equal Weight Industrials ETF worth $14,665,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 113.6% in the third quarter. US Bancorp DE now owns 566 shares of the company’s stock valued at $29,000 after buying an additional 301 shares during the period. Benjamin Edwards Inc. bought a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth about $247,000. Rovin Capital UT ADV lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 5.0% during the third quarter. Rovin Capital UT ADV now owns 5,097 shares of the company’s stock worth $259,000 after acquiring an additional 242 shares during the period. Cedrus LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 3rd quarter valued at $333,000. Finally, World Investment Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 41.4% during the third quarter. World Investment Advisors LLC now owns 7,000 shares of the company’s stock worth $358,000 after buying an additional 2,050 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 1.1 %

Shares of RSPN stock traded up $0.56 on Monday, hitting $50.54. 50,095 shares of the stock were exchanged, compared to its average volume of 61,048. The firm’s 50 day moving average is $52.66 and its two-hundred day moving average is $50.07. Invesco S&P 500 Equal Weight Industrials ETF has a one year low of $41.52 and a one year high of $55.27. The firm has a market capitalization of $766.19 million, a PE ratio of 22.62 and a beta of 1.24.

About Invesco S&P 500 Equal Weight Industrials ETF

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.