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) shares hit a new 52-week high on Tuesday. The company traded as high as $118.24 and last traded at $118.21, with a volume of 180,481 shares trading hands. The stock had previously closed at $116.07.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 1.9%

The stock has a 50 day simple moving average of $112.65 and a 200-day simple moving average of $106.83. The firm has a market capitalization of $652.59 million, a P/E ratio of 13.87 and a beta of 0.56.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSPG. Howard Financial Services LTD. lifted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 12.8% during the third quarter. Howard Financial Services LTD. now owns 5,379 shares of the company’s stock worth $578,000 after buying an additional 612 shares during the period. Valley Wealth Managers Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the third quarter worth $6,026,000. First Heartland Consultants Inc. purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at approximately $298,000. Stonebridge Financial Group LLC grew its holdings in Invesco S&P 500 Equal Weight Energy ETF by 3.4% during the third quarter. Stonebridge Financial Group LLC now owns 73,216 shares of the company’s stock worth $7,868,000 after acquiring an additional 2,423 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Invesco S&P 500 Equal Weight Energy ETF by 65.2% in the second quarter. Envestnet Asset Management Inc. now owns 12,814 shares of the company’s stock valued at $1,255,000 after purchasing an additional 5,056 shares during the period.

About Invesco S&P 500 Equal Weight Energy ETF

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.