Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Reaches New 52-Week High – What’s Next?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPGGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $93.89 and last traded at $93.65, with a volume of 165588 shares trading hands. The stock had previously closed at $93.35.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 1.7%

The company has a market capitalization of $567.06 million, a price-to-earnings ratio of 13.87 and a beta of 0.87. The stock’s fifty day simple moving average is $84.32 and its 200-day simple moving average is $80.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RSPG. Friedenthal Financial increased its holdings in Invesco S&P 500 Equal Weight Energy ETF by 2.6% during the 3rd quarter. Friedenthal Financial now owns 7,327 shares of the company’s stock worth $583,000 after purchasing an additional 183 shares during the period. Sylvest Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 3.5% during the third quarter. Sylvest Advisors LLC now owns 5,854 shares of the company’s stock worth $466,000 after buying an additional 198 shares in the last quarter. Rothschild Investment LLC grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.0% during the second quarter. Rothschild Investment LLC now owns 7,898 shares of the company’s stock worth $588,000 after buying an additional 304 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 13.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,695 shares of the company’s stock worth $214,000 after buying an additional 318 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the second quarter worth approximately $26,000.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

(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.

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