Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sets New 12-Month High – Still a 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 $109.90 and last traded at $109.79, with a volume of 15176 shares trading hands. The stock had previously closed at $106.91.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The firm’s 50 day moving average price is $95.12 and its 200-day moving average price is $85.00. The stock has a market cap of $657.84 million, a P/E 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 added to or reduced their stakes in RSPG. Friedenthal Financial increased its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 2.6% in the 3rd quarter. Friedenthal Financial now owns 7,327 shares of the company’s stock worth $583,000 after purchasing an additional 183 shares in the last quarter. Sylvest Advisors LLC raised its position in Invesco S&P 500 Equal Weight Energy ETF by 3.5% in the 3rd quarter. Sylvest Advisors LLC now owns 5,854 shares of the company’s stock worth $466,000 after buying an additional 198 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 Equal Weight Energy ETF by 13.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,695 shares of the company’s stock worth $214,000 after buying an additional 318 shares during the last quarter. IHT Wealth Management LLC lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 1.2% during the 4th quarter. IHT Wealth Management LLC now owns 28,446 shares of the company’s stock valued at $2,264,000 after acquiring an additional 324 shares during the period. Finally, Stonebridge Financial Group LLC lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 0.8% during the 3rd quarter. Stonebridge Financial Group LLC now owns 54,109 shares of the company’s stock valued at $4,308,000 after acquiring an additional 403 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.