Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) saw unusually-high trading volume on Wednesday . Approximately 295,154 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 175,342 shares.The stock last traded at $103.53 and had previously closed at $108.05.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 4.3%

The stock has a 50-day simple moving average of $100.34 and a two-hundred day simple moving average of $87.40. The firm has a market capitalization of $629.40 million, a P/E ratio of 13.87 and a beta of 0.55.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter worth $45,000. Brown Brothers Harriman & Co. bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter worth $55,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter worth $55,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter worth $130,000. Finally, Reicon Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter worth $176,000.

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.