Waycross Investment Management Co grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 13.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,938 shares of the company’s stock after acquiring an additional 4,080 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 6.3% of Waycross Investment Management Co’s holdings, making the stock its 3rd biggest holding. Waycross Investment Management Co’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the stock. Weaver Consulting Group raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.5% during the third quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock valued at $669,000 after acquiring an additional 48 shares in the last quarter. Sage Capital Advisors llc grew its stake in Invesco S&P 500 Equal Weight ETF by 2.0% in the third quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock worth $512,000 after purchasing an additional 48 shares in the last quarter. Charis Legacy Partners LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 0.5% in the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after purchasing an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock worth $930,000 after purchasing an additional 50 shares during the period. Finally, Ballast Rock Private Wealth LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after purchasing an additional 51 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA RSP traded down $1.85 on Wednesday, reaching $211.45. 4,844,824 shares of the stock traded hands, compared to its average volume of 11,967,609. The company has a fifty day moving average price of $216.16 and a 200-day moving average price of $210.02. The company has a market cap of $97.05 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43.
Invesco S&P 500 Equal Weight ETF Company 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). 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.
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