Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Reaches 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 Monday . The company traded as high as $103.11 and last traded at $101.56, with a volume of 63724 shares traded. The stock had previously closed at $99.78.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 1.8%

The business’s fifty day moving average is $87.87 and its 200 day moving average is $82.04. The stock has a market cap of $609.37 million, a PE ratio of 13.87 and a beta of 0.87.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Energy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RSPG. Flaharty Asset Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the third quarter worth $35,816,000. Matauro LLC increased its position in shares of 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 in the last quarter. Farther Finance Advisors LLC raised its stake 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 during the last quarter. Guild Investment Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter worth about $5,218,000. Finally, Oarsman Capital Inc. increased its holdings in 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 valued at $4,606,000 after acquiring an additional 2,585 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.