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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $116.43 and last traded at $115.82, with a volume of 2617 shares changing hands. The stock had previously closed at $114.96.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 0.3%

The firm has a market cap of $612.35 million, a PE ratio of 13.87 and a beta of 0.49. The firm’s 50 day moving average is $105.33 and its 200-day moving average is $104.06.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RSPG. Walker Asset Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 2.0% during the 2nd quarter. Walker Asset Management LLC now owns 6,698 shares of the company’s stock worth $656,000 after purchasing an additional 130 shares during the period. Lido Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.9% in the first quarter. Lido Advisors LLC now owns 2,992 shares of the company’s stock valued at $328,000 after purchasing an additional 139 shares during the period. Somerset Trust Co grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.2% in the second quarter. Somerset Trust Co now owns 13,982 shares of the company’s stock valued at $1,370,000 after purchasing an additional 165 shares during the period. Longview Financial Advisors Inc. grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.3% in the second quarter. Longview Financial Advisors Inc. now owns 6,039 shares of the company’s stock valued at $592,000 after purchasing an additional 251 shares during the period. Finally, Yoder Wealth Management Inc. increased its stake in Invesco S&P 500 Equal Weight Energy ETF by 11.0% in the first quarter. Yoder Wealth Management Inc. now owns 2,878 shares of the company’s stock valued at $315,000 after purchasing an additional 286 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.