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 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 Stock Down 4.3%

The stock has a market cap of $629.40 million, a P/E ratio of 13.87 and a beta of 0.55. The business has a 50 day moving average price of $100.34 and a 200 day moving average price of $87.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Flaharty Asset Management LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter valued at about $35,816,000. Guild Investment Management Inc. bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter valued at about $5,218,000. Farther Finance Advisors LLC lifted its holdings in 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 valued at $6,330,000 after buying an additional 59,139 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 402.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 50,256 shares of the company’s stock valued at $3,743,000 after buying an additional 40,256 shares in the last quarter. Finally, Sykon Capital LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter valued at about $1,332,000.

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.