Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Hits New 12-Month High – What’s Next?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $105.22 and last traded at $104.47, with a volume of 76319 shares. The stock had previously closed at $103.13.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

The firm’s fifty day simple moving average is $93.16 and its 200 day simple moving average is $84.22. The stock has a market capitalization of $626.82 million, a P/E ratio of 13.87 and a beta of 0.87.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Friedenthal Financial raised its position in Invesco S&P 500 Equal Weight Energy ETF by 2.6% during the third quarter. Friedenthal Financial now owns 7,327 shares of the company’s stock valued at $583,000 after purchasing an additional 183 shares in the last quarter. Sylvest Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 3.5% in the 3rd quarter. Sylvest Advisors LLC now owns 5,854 shares of the company’s stock valued at $466,000 after purchasing an additional 198 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.0% in the 2nd quarter. Rothschild Investment LLC now owns 7,898 shares of the company’s stock valued at $588,000 after purchasing 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% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,695 shares of the company’s stock valued at $214,000 after purchasing an additional 318 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.2% during the 4th 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 in 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.