Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Reaches New 1-Year High – Should You Buy?

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

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The stock has a market capitalization of $606.77 million, a price-to-earnings ratio of 13.87 and a beta of 0.48. The business has a fifty day moving average of $103.08 and a 200 day moving average of $102.67.

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

Several large investors have recently modified their holdings of RSPG. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter worth about $45,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at about $55,000. Brown Brothers Harriman & Co. acquired a new position in Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at about $55,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth about $130,000. Finally, Centaurus Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight Energy ETF during the first quarter worth about $135,000.

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.