Waycross Investment Management Co Acquires New Shares in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Waycross Investment Management Co bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, HoldingsChannel reports. The institutional investor bought 2,513 shares of the company’s stock, valued at approximately $450,000.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after purchasing an additional 18,390,083 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 11,793.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after buying an additional 6,352,369 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $671,392,000. JPMorgan Chase & Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after buying an additional 2,328,560 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% in the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock worth $342,213,000 after acquiring an additional 1,990,537 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock traded up $1.39 during mid-day trading on Friday, reaching $178.57. 5,401,269 shares of the stock traded hands, compared to its average volume of 6,232,511. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $179.94. The business’s 50-day moving average is $172.93 and its 200-day moving average is $167.97. The stock has a market capitalization of $59.81 billion, a PE 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).