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

DAVENPORT & Co LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

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

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $192.85 on Thursday. The stock’s 50-day moving average is $199.27 and its 200-day moving average is $193.44. The company has a market cap 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 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.