Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Stock Falls 0.7% – Here’s Why

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) dropped 0.7% on Wednesday. The company traded as low as $111.11 and last traded at $111.93. Approximately 68,551 shares changed hands during trading, a decline of 46% from the average daily volume of 126,292 shares. The stock had previously closed at $112.75.

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

The stock has a market capitalization of $633.57 million, a PE ratio of 13.87 and a beta of 0.56. The firm’s fifty day moving average is $111.71 and its 200-day moving average is $106.62.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Energy ETF

A number of institutional investors have recently made changes to their positions in RSPG. First Heartland Consultants Inc. acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter valued at approximately $298,000. Stonebridge Financial Group LLC lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 3.4% during the third quarter. Stonebridge Financial Group LLC now owns 73,216 shares of the company’s stock worth $7,868,000 after purchasing an additional 2,423 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 65.2% during the second quarter. Envestnet Asset Management Inc. now owns 12,814 shares of the company’s stock worth $1,255,000 after purchasing an additional 5,056 shares in the last quarter. Vanguard Capital Wealth Advisors acquired a new position in Invesco S&P 500 Equal Weight Energy ETF during the second quarter worth $1,101,000. Finally, Walker Asset Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 2.0% during the second quarter. Walker Asset Management LLC now owns 6,698 shares of the company’s stock worth $656,000 after buying an additional 130 shares during the period.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

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.