Davis Investment Partners LLC Has $15.67 Million Holdings in Invesco S&P 500 Equal Weight Industrials ETF $RSPN

Davis Investment Partners LLC reduced its position in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,052 shares of the company’s stock after selling 12,503 shares during the quarter. Invesco S&P 500 Equal Weight Industrials ETF comprises about 5.5% of Davis Investment Partners LLC’s holdings, making the stock its 3rd biggest holding. Davis Investment Partners LLC owned 1.81% of Invesco S&P 500 Equal Weight Industrials ETF worth $15,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RSPN. Royal Bank of Canada grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.8% during the first quarter. Royal Bank of Canada now owns 173,328 shares of the company’s stock worth $8,482,000 after purchasing an additional 1,458 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 26.9% in the 2nd quarter. Cetera Investment Advisers now owns 52,266 shares of the company’s stock valued at $2,798,000 after purchasing an additional 11,091 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the second quarter valued at about $1,355,000. Brown Advisory Inc. grew its position in Invesco S&P 500 Equal Weight Industrials ETF by 6.8% during the 2nd quarter. Brown Advisory Inc. now owns 15,750 shares of the company’s stock worth $843,000 after acquiring an additional 1,000 shares during the last quarter. Finally, PGIM Custom Harvest LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 3.5% in the second quarter. PGIM Custom Harvest LLC now owns 40,343 shares of the company’s stock worth $2,160,000 after purchasing an additional 1,381 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Trading Down 0.3%

RSPN stock opened at $58.38 on Friday. Invesco S&P 500 Equal Weight Industrials ETF has a 12-month low of $42.28 and a 12-month high of $64.16. The stock has a market capitalization of $891.46 million, a price-to-earnings ratio of 22.94 and a beta of 1.09. The firm’s 50-day moving average price is $61.28 and its two-hundred day moving average price is $57.87.

Invesco S&P 500 Equal Weight Industrials ETF Company Profile

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.