DAVENPORT & Co LLC Has $17.40 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

DAVENPORT & Co LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.1% in the 4th quarter, Holdings Channel reports. The fund owned 90,823 shares of the company’s stock after purchasing an additional 11,886 shares during the quarter. DAVENPORT & Co LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after purchasing an additional 246 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $83,931,000. Bison Wealth LLC grew its position in Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $11,553,000. Finally, Franklin Resources Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.9% during the 2nd quarter. Franklin Resources Inc. now owns 87,633 shares of the company’s stock worth $15,926,000 after purchasing an additional 4,855 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $192.85 on Thursday. The company has a 50-day simple moving average of $199.27 and a 200-day simple moving average of $193.44. The firm has a market capitalization of $79.97 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $205.24.

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.