Invesco S&P 500 Equal Weight ETF $RSP Stake Lowered by Davis Investment Partners LLC

Davis Investment Partners LLC cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,915 shares of the company’s stock after selling 10,553 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 10.2% of Davis Investment Partners LLC’s investment portfolio, making the stock its 2nd largest position. Davis Investment Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $28,772,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its position in Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after buying an additional 51 shares during the period. Ballast Rock Private Wealth LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.8% in the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after buying an additional 51 shares in the last quarter. Pacific Point Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after acquiring an additional 52 shares during the period. Strategies Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after acquiring an additional 55 shares during the period. Finally, Battery Global Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $210.38 on Thursday. The firm has a market capitalization of $90.76 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business’s 50 day simple moving average is $205.75 and its 200-day simple moving average is $199.94. Invesco S&P 500 Equal Weight ETF has a 12 month low of $178.60 and a 12 month high of $214.30.

About Invesco S&P 500 Equal Weight ETF

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.