Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Hits New 12-Month High – Here’s Why

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $119.05 and last traded at $118.95, with a volume of 53,107 shares changing hands. The stock had previously closed at $119.02.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The stock has a market cap of $675.36 million, a price-to-earnings ratio of 13.87 and a beta of 0.56. The firm’s 50-day moving average is $113.22 and its 200 day moving average is $106.91.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in Invesco S&P 500 Equal Weight Energy ETF by 1,486.5% in the first quarter. NewEdge Advisors LLC now owns 5,283 shares of the company’s stock valued at $578,000 after purchasing an additional 4,950 shares during the period. Empowered Funds LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the first quarter worth about $1,862,000. Royal Bank of Canada boosted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 28.6% in the first quarter. Royal Bank of Canada now owns 41,264 shares of the company’s stock worth $4,517,000 after buying an additional 9,173 shares during the period. Ocean Park Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the first quarter valued at about $4,501,000. Finally, Vanguard Capital Wealth Advisors purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 2nd quarter valued at about $1,101,000.

About Invesco S&P 500 Equal Weight Energy ETF

(Get Free Report)

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.

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