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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $114.82 and last traded at $114.75, with a volume of 8139 shares trading hands. The stock had previously closed at $113.76.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 0.4%

The stock has a market capitalization of $606.77 million, a price-to-earnings ratio of 13.87 and a beta of 0.48. The firm’s fifty day moving average price is $103.08 and its 200 day moving average price is $102.67.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth $45,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at $55,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at $55,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter valued at $130,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 1st quarter valued at $135,000.

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.