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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $86.59 and last traded at $86.45, with a volume of 7056 shares. The stock had previously closed at $85.18.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 0.9 %

The stock has a market capitalization of $633.53 million, a PE ratio of 11.59 and a beta of 0.56. The firm has a 50 day moving average price of $79.30 and a 200 day moving average price of $79.61.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RSPG. Axxcess Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the 1st quarter worth $795,000. Beck Capital Management LLC boosted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 1,331.1% in the 1st quarter. Beck Capital Management LLC now owns 52,895 shares of the company’s stock worth $4,395,000 after buying an additional 49,199 shares during the period. BigSur Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the 1st quarter worth $602,000. Cetera Investment Advisers bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter valued at about $1,720,000. Finally, Cetera Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 56.5% during the 1st quarter. Cetera Advisors LLC now owns 16,736 shares of the company’s stock valued at $1,390,000 after purchasing an additional 6,040 shares during the last quarter.

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.