Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sets New 52-Week High – Should You Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $100.29 and last traded at $98.12, with a volume of 67510 shares traded. The stock had previously closed at $98.44.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The firm has a market cap of $588.72 million, a P/E ratio of 13.87 and a beta of 0.87. The company’s 50 day moving average is $86.31 and its two-hundred day moving average is $81.35.

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

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at $45,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter valued at $55,000. Brown Brothers Harriman & Co. acquired a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter valued at $55,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter valued at $130,000. Finally, Reicon Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter worth about $176,000.

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.