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

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 firm’s fifty day moving average is $107.45 and its two-hundred day moving average is $104.92. The firm has a market capitalization of $619.58 million, a PE ratio of 13.87 and a beta of 0.49.

Institutional Trading of Invesco S&P 500 Equal Weight Energy ETF

A number of hedge funds have recently bought and sold shares of the business. Walker Asset Management LLC boosted its stake in Invesco S&P 500 Equal Weight Energy ETF by 2.0% during the second quarter. Walker Asset Management LLC now owns 6,698 shares of the company’s stock valued at $656,000 after buying an additional 130 shares during the period. Lido Advisors LLC lifted its position in Invesco S&P 500 Equal Weight Energy ETF by 4.9% in the 1st quarter. Lido Advisors LLC now owns 2,992 shares of the company’s stock worth $328,000 after buying an additional 139 shares during the last quarter. Somerset Trust Co boosted its stake in 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 worth $1,370,000 after buying an additional 165 shares in the last quarter. Longview Financial Advisors Inc. grew its position in Invesco S&P 500 Equal Weight Energy ETF by 4.3% during the second quarter. Longview Financial Advisors Inc. now owns 6,039 shares of the company’s stock valued at $592,000 after acquiring an additional 251 shares during the last quarter. Finally, Yoder Wealth Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 11.0% in the 1st quarter. Yoder Wealth Management Inc. now owns 2,878 shares of the company’s stock worth $315,000 after acquiring an additional 286 shares during the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

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.