Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Stake Lessened by Davis Investment Partners LLC

Davis Investment Partners LLC decreased its position in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 293,408 shares of the company’s stock after selling 6,469 shares during the period. Invesco S&P 500 Equal Weight Industrials ETF comprises approximately 6.2% of Davis Investment Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Davis Investment Partners LLC’s holdings in Invesco S&P 500 Equal Weight Industrials ETF were worth $14,665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RSPN. JPMorgan Chase & Co. grew its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 331.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,855 shares of the company’s stock valued at $402,000 after acquiring an additional 6,033 shares during the period. World Investment Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 41.4% during the 3rd quarter. World Investment Advisors LLC now owns 7,000 shares of the company’s stock valued at $358,000 after buying an additional 2,050 shares in the last quarter. MML Investors Services LLC boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 5.3% in the 3rd quarter. MML Investors Services LLC now owns 11,657 shares of the company’s stock worth $597,000 after buying an additional 589 shares during the period. National Bank of Canada FI raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 4.2% during the third quarter. National Bank of Canada FI now owns 20,361 shares of the company’s stock valued at $1,043,000 after acquiring an additional 829 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 5.6% in the third quarter. Stifel Financial Corp now owns 31,212 shares of the company’s stock valued at $1,598,000 after acquiring an additional 1,662 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

Shares of NYSEARCA RSPN traded up $0.56 during mid-day trading on Monday, reaching $50.54. The company’s stock had a trading volume of 50,095 shares, compared to its average volume of 61,048. The stock has a fifty day moving average of $52.66 and a two-hundred day moving average of $50.07. The firm has a market capitalization of $766.19 million, a PE ratio of 22.62 and a beta of 1.24. Invesco S&P 500 Equal Weight Industrials ETF has a 52 week low of $41.52 and a 52 week high of $55.27.

About Invesco S&P 500 Equal Weight Industrials ETF

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.