Duncan Williams Asset Management LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Duncan Williams Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,164 shares of the company’s stock, valued at approximately $730,000.

A number of other hedge funds also recently made changes to their positions in the stock. SJS Investment Consulting Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 157.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after acquiring an additional 88 shares during the period. Eastern Bank bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $28,000. Richardson Financial Services Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $182.19 on Friday. The company has a market cap of $61.02 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $155.79 and a 52-week high of $188.16. The firm’s fifty day moving average is $180.39 and its two-hundred day moving average is $176.57.

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).