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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s stock price reached a new 52-week high on Monday. The company traded as high as $121.27 and last traded at $119.9320, with a volume of 119,844 shares traded. The stock had previously closed at $120.33.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 0.6%

The stock’s fifty day simple moving average is $114.13 and its 200 day simple moving average is $107.31. The firm has a market capitalization of $677.86 million, a PE 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 modified their holdings of RSPG. Walker Asset Management LLC raised its position in shares of 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 worth $656,000 after acquiring an additional 130 shares during the last quarter. Lido Advisors LLC raised its position in Invesco S&P 500 Equal Weight Energy ETF by 4.9% during the 1st quarter. Lido Advisors LLC now owns 2,992 shares of the company’s stock valued at $328,000 after purchasing an additional 139 shares during the last quarter. Somerset Trust Co increased its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.2% during the second quarter. Somerset Trust Co now owns 13,982 shares of the company’s stock valued at $1,370,000 after purchasing an additional 165 shares in the last quarter. Longview Financial Advisors Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.3% in the second quarter. Longview Financial Advisors Inc. now owns 6,039 shares of the company’s stock worth $592,000 after acquiring an additional 251 shares during the period. Finally, Yoder Wealth Management Inc. grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 11.0% during 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 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.