Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sets New 52-Week High – Time to Buy?

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) hit a new 52-week high during trading on Tuesday . The company traded as high as $109.90 and last traded at $109.79, with a volume of 15176 shares. The stock had previously closed at $106.91.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 2.6%

The firm’s fifty day moving average price is $95.12 and its two-hundred day moving average price is $85.00. The stock has a market capitalization of $657.84 million, a PE ratio of 13.87 and a beta of 0.87.

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

A number of hedge funds have recently added to or reduced their stakes in RSPG. Farther Finance Advisors LLC boosted its position in Invesco S&P 500 Equal Weight Energy ETF by 290.4% in the third quarter. Farther Finance Advisors LLC now owns 79,507 shares of the company’s stock worth $6,330,000 after purchasing an additional 59,139 shares during the last quarter. Somerset Trust Co grew its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 123.8% during the 3rd quarter. Somerset Trust Co now owns 13,215 shares of the company’s stock valued at $1,052,000 after purchasing an additional 7,310 shares during the period. Flaharty Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter valued at about $35,816,000. Claris Financial LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 2nd quarter valued at about $813,000. Finally, Matauro LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 3.3% in the 3rd quarter. Matauro LLC now owns 252,323 shares of the company’s stock worth $20,087,000 after purchasing an additional 8,080 shares during the period.

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.