Davis Investment Partners LLC Sells 10,553 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Davis Investment Partners LLC cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,915 shares of the company’s stock after selling 10,553 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 10.2% of Davis Investment Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. 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.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $26,000. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $26,000. Aviso Financial Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $28,000. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Finally, Hurley Capital LLC raised its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.7%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $210.38 on Thursday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $178.60 and a 52-week high of $214.30. The company’s 50-day simple moving average is $205.75 and its 200-day simple moving average is $199.94. The firm has a market cap of $90.76 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.