Davis Investment Partners LLC Increases Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Davis Investment Partners LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,406 shares of the company’s stock after purchasing an additional 3,399 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 11.8% of Davis Investment Partners LLC’s portfolio, making the stock its 2nd biggest position. Davis Investment Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,990,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Eastern Bank purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $28,000. GHP Investment Advisors Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $29,000. Richardson Financial Services Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $33,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8 %

Shares of NYSEARCA:RSP traded up $1.42 during trading on Monday, hitting $174.67. The stock had a trading volume of 8,118,558 shares, compared to its average volume of 7,654,596. The stock has a 50-day simple moving average of $180.89 and a two-hundred day simple moving average of $175.64. The stock has a market capitalization of $58.50 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $153.10 and a 12-month high of $188.16.

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).