Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Trading 0.4% Higher – Still a Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s stock price was up 0.4% during trading on Thursday . The company traded as high as $86.56 and last traded at $86.50. Approximately 63,263 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 96,562 shares. The stock had previously closed at $86.16.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The stock has a market capitalization of $497.64 million, a price-to-earnings ratio of 13.87 and a beta of 0.87. The stock’s 50 day simple moving average is $81.55 and its 200-day simple moving average is $78.79.

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

Large investors have recently bought and sold shares of the business. Flaharty Asset Management LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF during the third quarter valued at about $35,816,000. Matauro LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 6.4% during the 4th quarter. Matauro LLC now owns 268,561 shares of the company’s stock valued at $21,373,000 after acquiring an additional 16,238 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 290.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 79,507 shares of the company’s stock valued at $6,330,000 after acquiring an additional 59,139 shares in the last quarter. Guild Investment Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter valued at approximately $5,218,000. Finally, Oarsman Capital Inc. lifted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 2.8% in the 2nd quarter. Oarsman Capital Inc. now owns 58,112 shares of the company’s stock worth $4,328,000 after purchasing an additional 1,598 shares during the last quarter.

About Invesco S&P 500 Equal Weight Energy ETF

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.