Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sets New 1-Year High – Time to Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $105.22 and last traded at $104.47, with a volume of 76319 shares traded. The stock had previously closed at $103.13.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The business’s 50-day moving average price is $93.16 and its two-hundred day moving average price is $84.22. The company has a market capitalization of $626.82 million, a price-to-earnings ratio of 13.87 and a beta of 0.87.

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

A number of hedge funds have recently added to or reduced their stakes in RSPG. IHT Wealth Management LLC lifted its position in shares of 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. Advisory Services Network LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 13.0% during the 4th quarter. Advisory Services Network LLC now owns 3,775 shares of the company’s stock worth $300,000 after purchasing an additional 433 shares in the last quarter. Oarsman Capital Inc. increased its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.7% in the fourth quarter. Oarsman Capital Inc. now owns 57,879 shares of the company’s stock worth $4,606,000 after purchasing an additional 2,585 shares during the period. Aptus Capital Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 11.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 29,483 shares of the company’s stock worth $2,346,000 after purchasing an additional 3,081 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in Invesco S&P 500 Equal Weight Energy ETF by 9.6% in the fourth quarter. Kestra Advisory Services LLC now owns 26,033 shares of the company’s stock valued at $2,072,000 after purchasing an additional 2,290 shares in 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.