Dravo Bay LLC Lowers Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Dravo Bay LLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,383 shares of the company’s stock after selling 262 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 2.8% of Dravo Bay LLC’s holdings, making the stock its 10th biggest position. Dravo Bay LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RSP. Morgan Stanley lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.8% in the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after purchasing an additional 2,153,993 shares during the period. Truist Financial Corp lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the 3rd quarter. Truist Financial Corp now owns 7,814,755 shares of the company’s stock worth $1,107,273,000 after purchasing an additional 112,526 shares during the period. UBS Group AG lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.4% in the 3rd quarter. UBS Group AG now owns 5,948,672 shares of the company’s stock worth $842,867,000 after purchasing an additional 880,506 shares during the period. Invesco Ltd. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 15.6% in the 3rd quarter. Invesco Ltd. now owns 4,521,037 shares of the company’s stock worth $640,586,000 after purchasing an additional 609,306 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 10.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,376,966 shares of the company’s stock worth $478,482,000 after purchasing an additional 332,819 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP traded down $0.07 during trading on Wednesday, hitting $164.43. The company’s stock had a trading volume of 3,345,805 shares, compared to its average volume of 6,522,021. The company has a 50-day moving average of $164.35 and a 200-day moving average of $156.32. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $169.80. The firm has a market cap of $55.07 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).