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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $118.15 and last traded at $117.3880, with a volume of 15041 shares trading hands. The stock had previously closed at $116.46.

Invesco S&P 500 Equal Weight Energy ETF Stock Down 0.8%

The stock has a market capitalization of $615.11 million, a PE ratio of 13.87 and a beta of 0.49. The firm’s fifty day moving average price is $108.21 and its two-hundred day moving average price is $105.17.

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

Several hedge funds and other institutional investors have recently modified their holdings of RSPG. Wakefield Asset Management LLLP bought a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter valued at approximately $417,000. Northwest Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter valued at approximately $636,000. Ocean Park Asset Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter valued at $4,501,000. Royal Bank of Canada raised its holdings in Invesco S&P 500 Equal Weight Energy ETF by 28.6% during the 1st quarter. Royal Bank of Canada now owns 41,264 shares of the company’s stock valued at $4,517,000 after buying an additional 9,173 shares during the period. Finally, Lee Johnson Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF in the first quarter worth $6,823,000.

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.