Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sets New 1-Year High – What’s Next?

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $96.67 and last traded at $96.7150, with a volume of 46413 shares. The stock had previously closed at $94.98.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 1.8%

The firm has a 50 day moving average of $85.07 and a 200 day moving average of $80.69. The firm has a market cap of $579.90 million, a PE ratio of 13.87 and a beta of 0.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RSPG. International Assets Investment Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter valued at about $45,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at approximately $55,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter valued at approximately $55,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter valued at approximately $130,000. Finally, Reicon Wealth Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter worth approximately $176,000.

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.