Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sees Large Volume Increase – Time to Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) shares saw strong trading volume on Monday . 145,297 shares were traded during mid-day trading, an increase of 111% from the previous session’s volume of 68,762 shares.The stock last traded at $79.57 and had previously closed at $79.06.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 0.8 %

The firm has a market cap of $587.32 million, a price-to-earnings ratio of 11.59 and a beta of 0.56. The company has a fifty day moving average price of $79.97 and a 200-day moving average price of $79.52.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Energy ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Howe & Rusling Inc. purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter worth approximately $51,000. Franklin Resources Inc. purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter worth approximately $51,000. Anchor Investment Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter worth approximately $108,000. Creative Financial Designs Inc. ADV increased its stake in Invesco S&P 500 Equal Weight Energy ETF by 214.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,695 shares of the company’s stock worth $130,000 after buying an additional 1,156 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 2nd quarter worth approximately $137,000.

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.