Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Hits New 12-Month High – Here’s Why

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) shares reached a new 52-week high on Wednesday . The stock traded as high as $114.82 and last traded at $114.75, with a volume of 8139 shares trading hands. The stock had previously closed at $113.76.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

The company has a market capitalization of $605.71 million, a P/E ratio of 13.87 and a beta of 0.48. The business’s fifty day simple moving average is $103.47 and its 200-day simple moving average is $103.02.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Walker Asset Management LLC lifted its position 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 purchasing an additional 130 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of 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 raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.2% during the 2nd quarter. Somerset Trust Co now owns 13,982 shares of the company’s stock valued at $1,370,000 after buying an additional 165 shares in the last quarter. Longview Financial Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.3% in the 2nd 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 valued at $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.