Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Hits New 12-Month High – Time to Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $93.89 and last traded at $93.65, with a volume of 165588 shares. The stock had previously closed at $93.35.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The firm has a fifty day simple moving average of $83.61 and a two-hundred day simple moving average of $79.90. The firm has a market capitalization of $561.90 million, a P/E ratio of 13.87 and a beta of 0.87.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Energy ETF

Large investors have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter valued at about $55,000. Clearstead Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at approximately $276,000. Northwest Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at approximately $636,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter valued at approximately $265,000. Finally, Hills Bank & Trust Co purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter valued at approximately $587,000.

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.