Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sets New 1-Year High – What’s Next?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $118.15 and last traded at $117.3880, with a volume of 15041 shares. The stock had previously closed at $116.46.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The stock has a market capitalization of $619.58 million, a PE ratio of 13.87 and a beta of 0.49. The company has a 50 day moving average price of $107.45 and a 200-day moving average price of $104.92.

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

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter worth $45,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter worth approximately $55,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter worth approximately $55,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter worth approximately $130,000. Finally, Centaurus Financial Inc. bought a new position in Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter valued at approximately $135,000.

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.