Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) is Davis Investment Partners LLC’s Largest Position

Davis Investment Partners LLC cut its holdings in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,478,689 shares of the company’s stock after selling 91,409 shares during the quarter. Invesco S&P 500 Equal Weight Technology ETF comprises approximately 23.3% of Davis Investment Partners LLC’s portfolio, making the stock its largest holding. Davis Investment Partners LLC owned about 1.30% of Invesco S&P 500 Equal Weight Technology ETF worth $55,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 134.1% in the 3rd quarter. Blue Trust Inc. now owns 5,163 shares of the company’s stock worth $189,000 after acquiring an additional 2,958 shares during the period. Aptus Capital Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 12.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,639 shares of the company’s stock valued at $213,000 after purchasing an additional 639 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Invesco S&P 500 Equal Weight Technology ETF by 72.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,408 shares of the company’s stock worth $619,000 after purchasing an additional 6,900 shares during the period. Beck Capital Management LLC increased its position in Invesco S&P 500 Equal Weight Technology ETF by 30.0% during the 3rd quarter. Beck Capital Management LLC now owns 11,272 shares of the company’s stock worth $425,000 after purchasing an additional 2,602 shares during the period. Finally, Cerity Partners LLC raised its position in Invesco S&P 500 Equal Weight Technology ETF by 4.5% in the third quarter. Cerity Partners LLC now owns 263,000 shares of the company’s stock worth $9,915,000 after acquiring an additional 11,395 shares in the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 0.5 %

Shares of NYSEARCA:RSPT traded down $0.19 during trading on Monday, hitting $37.11. 876,350 shares of the stock were exchanged, compared to its average volume of 489,750. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $31.53 and a 12-month high of $39.66. The company has a market cap of $4.20 billion, a PE ratio of 25.99 and a beta of 1.69. The company has a fifty day moving average price of $38.34 and a two-hundred day moving average price of $37.33.

About Invesco S&P 500 Equal Weight Technology ETF

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on Nov 1, 2006 and is managed by Invesco.