Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sets New 52-Week High – Here’s Why

by · The Cerbat Gem

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $91.32 and last traded at $89.2570, with a volume of 38473 shares trading hands. The stock had previously closed at $88.33.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

The company has a 50 day simple moving average of $81.95 and a two-hundred day simple moving average of $79.01. The company has a market cap of $516.96 million, a PE ratio of 13.87 and a beta of 0.87.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF in the 2nd quarter worth about $26,000. Hilltop National Bank acquired a new position in Invesco S&P 500 Equal Weight Energy ETF in the second quarter worth approximately $26,000. Salomon & Ludwin LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF during the second quarter valued at approximately $57,000. Geneos Wealth Management Inc. lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 188.2% in the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $182,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Simplex Trading LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF in the second quarter worth approximately $186,000.

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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