D.A. Davidson & CO. Buys 355,736 Shares of Invesco S&P 500 Equal Weight ETF $RSP

D.A. Davidson & CO. purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 355,736 shares of the company’s stock, valued at approximately $74,000,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. BOKF NA acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $9,485,000. Redmond Asset Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $678,000. Beacon Advisors Holdings LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $219,000. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.9% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 17,607 shares of the company’s stock worth $3,663,000 after acquiring an additional 327 shares in the last quarter. Finally, VestGen Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. VestGen Advisors LLC now owns 94,566 shares of the company’s stock valued at $19,672,000 after acquiring an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $217.43 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43. The stock has a market capitalization of $99.80 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The company’s 50 day simple moving average is $215.13 and its 200 day simple moving average is $207.53.

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). 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.