Waycross Investment Management Co Purchases 4,080 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Waycross Investment Management Co boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,938 shares of the company’s stock after purchasing an additional 4,080 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 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 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RSP. Highland Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $26,000. Brandywine Financial Group raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $29,000. Rogco LP purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $34,000. Finally, Hurley Capital LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.9%

Shares of RSP stock traded down $1.85 on Wednesday, reaching $211.45. 4,844,824 shares of the company’s stock were exchanged, compared to its average volume of 11,967,609. The company’s fifty day simple moving average is $216.16 and its 200 day simple moving average is $210.02. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The stock has a market capitalization of $97.05 billion, a PE ratio of 20.10 and a beta of 0.92.

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.