Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Reaches New 12-Month High – What’s Next?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPGGet Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $88.57 and last traded at $87.8850, with a volume of 5653 shares. The stock had previously closed at $86.50.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The company’s 50-day moving average is $81.46 and its two-hundred day moving average is $78.71. The firm has a market cap of $498.76 million, a P/E ratio of 13.87 and a beta of 0.87.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Energy ETF

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Invesco S&P 500 Equal Weight Energy ETF by 290.4% in the third quarter. Farther Finance Advisors LLC now owns 79,507 shares of the company’s stock valued at $6,330,000 after purchasing an additional 59,139 shares during the last quarter. Somerset Trust Co grew its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 123.8% during the third quarter. Somerset Trust Co now owns 13,215 shares of the company’s stock worth $1,052,000 after purchasing an additional 7,310 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the second quarter valued at approximately $544,000. Salomon & Ludwin LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the 2nd quarter valued at approximately $57,000. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 Equal Weight Energy ETF by 19.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,475 shares of the company’s stock valued at $1,153,000 after buying an additional 2,471 shares during the last quarter.

About Invesco S&P 500 Equal Weight Energy ETF

(Get Free Report)

The Invesco S&P 500 Equal Weight Energy ETF (RSPG) is an exchange-traded fund that is based on the S&P 500 Equal Weight Energy Plus index. The fund tracks an equal-weighted index of US energy companies in the S&P 500. RSPG was launched on Nov 1, 2006 and is managed by Invesco.

Further Reading

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