Davis Investment Partners LLC Has $30.94 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Davis Investment Partners LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,468 shares of the company’s stock after selling 5,539 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 10.8% of Davis Investment Partners LLC’s holdings, making the stock its 2nd biggest position. Davis Investment Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $30,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Drucker Wealth 3.0 LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after purchasing an additional 55 shares during the period. Strategies Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after purchasing an additional 55 shares in the last quarter. 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 buying an additional 55 shares during the last quarter. Burns J W & Co. Inc. NY boosted its position in Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock valued at $2,519,000 after purchasing an additional 57 shares during the last quarter. Finally, Melfa Wealth Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock valued at $659,000 after buying an additional 57 shares during 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 RSP opened at $193.32 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The company has a market cap of $80.17 billion, a PE ratio of 20.10 and a beta of 0.99. The firm has a 50-day moving average of $199.76 and a 200-day moving average of $193.29.

Invesco S&P 500 Equal Weight ETF Company Profile

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.