Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Hits New 52-Week High – Here’s Why

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPGGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $103.12 and last traded at $103.12, with a volume of 14539 shares changing hands. The stock had previously closed at $102.31.

Invesco S&P 500 Equal Weight Energy ETF Stock Down 0.1%

The stock’s 50-day simple moving average is $92.28 and its 200 day simple moving average is $83.78. The firm has a market cap of $616.92 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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Flaharty Asset Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF during the third quarter worth approximately $35,816,000. Matauro LLC lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 6.4% in the fourth quarter. Matauro LLC now owns 268,561 shares of the company’s stock valued at $21,373,000 after buying an additional 16,238 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 290.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 79,507 shares of the company’s stock worth $6,330,000 after buying 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 during the 3rd quarter worth approximately $5,218,000. Finally, Oarsman Capital Inc. grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.7% during the 4th quarter. Oarsman Capital Inc. now owns 57,879 shares of the company’s stock worth $4,606,000 after buying an additional 2,585 shares during the period.

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.

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