DAVENPORT & Co LLC Acquires 1,876 Shares of Invesco S&P 500 Equal Weight ETF $RSP

DAVENPORT & Co LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.4% during the second quarter, HoldingsChannel.com reports. The fund owned 78,972 shares of the company’s stock after purchasing an additional 1,876 shares during the period. DAVENPORT & Co LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Grimes & Company Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 10.7% during the 2nd quarter. Grimes & Company Inc. now owns 128,502 shares of the company’s stock valued at $23,354,000 after purchasing an additional 12,375 shares during the last quarter. Merit Financial Group LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 26.9% in the 2nd quarter. Merit Financial Group LLC now owns 18,087 shares of the company’s stock valued at $3,287,000 after purchasing an additional 3,829 shares during the last quarter. Keudell Morrison Wealth Management boosted its position in Invesco S&P 500 Equal Weight ETF by 27.3% in the second quarter. Keudell Morrison Wealth Management now owns 3,394 shares of the company’s stock valued at $617,000 after buying an additional 728 shares in the last quarter. IVC Wealth Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.2% during the second quarter. IVC Wealth Advisors LLC now owns 1,505 shares of the company’s stock worth $274,000 after buying an additional 74 shares during the last quarter. Finally, Beacon Financial Advisory LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 10.7% during the second quarter. Beacon Financial Advisory LLC now owns 9,636 shares of the company’s stock worth $1,751,000 after buying an additional 930 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.0%

NYSEARCA RSP opened at $191.19 on Tuesday. The company has a market cap of $75.15 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $192.30. The business’s fifty day moving average is $187.31 and its 200 day moving average is $179.31.

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).