Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sees Strong Trading Volume – Time to Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) saw unusually-high trading volume on Wednesday . Approximately 366,925 shares traded hands during trading, an increase of 127% from the previous session’s volume of 161,971 shares.The stock last traded at $100.40 and had previously closed at $101.14.

Invesco S&P 500 Equal Weight Energy ETF Stock Down 0.8%

The firm has a market cap of $601.92 million, a price-to-earnings ratio of 13.87 and a beta of 0.87. The business has a 50 day moving average price of $88.77 and a 200-day moving average price of $82.42.

Institutional Trading of Invesco S&P 500 Equal Weight Energy ETF

Hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.2% in the fourth quarter. IHT Wealth Management LLC now owns 28,446 shares of the company’s stock worth $2,264,000 after buying an additional 324 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 13.0% in the 4th quarter. Advisory Services Network LLC now owns 3,775 shares of the company’s stock worth $300,000 after purchasing an additional 433 shares during the last quarter. Oarsman Capital Inc. increased its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.7% in the 4th quarter. Oarsman Capital Inc. now owns 57,879 shares of the company’s stock worth $4,606,000 after purchasing an additional 2,585 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 11.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 29,483 shares of the company’s stock valued at $2,346,000 after purchasing an additional 3,081 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 9.6% during the fourth quarter. Kestra Advisory Services LLC now owns 26,033 shares of the company’s stock worth $2,072,000 after purchasing an additional 2,290 shares during the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

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.