DAVENPORT & Co LLC Acquires 4,493 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

DAVENPORT & Co LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,096 shares of the company’s stock after purchasing an additional 4,493 shares during the quarter. DAVENPORT & Co LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Cambridge Financial Group Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $28,000. Joseph Group Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Bridge Generations Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $29,000. Richardson Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $30,000. Finally, OLD Second National Bank of Aurora bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $31,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $184.29 on Thursday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $188.16. The company has a market capitalization of $73.02 billion, a PE ratio of 20.10 and a beta of 1.05. The company’s 50-day simple moving average is $176.28 and its 200 day simple moving average is $175.22.

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).