Duncan Williams Asset Management LLC Cuts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Duncan Williams Asset Management LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 31.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,155 shares of the company’s stock after selling 1,949 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $755,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $25,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $26,000. Richardson Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $30,000. OLD Second National Bank of Aurora bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $31,000. Finally, Howe & Rusling Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $191.25 on Monday. The stock has a market capitalization of $75.35 billion, a P/E ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $192.30. The stock’s 50-day simple moving average is $187.22 and its 200 day simple moving average is $179.19.

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).