Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sets New 52-Week High – Still a Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) hit a new 52-week high during mid-day trading on Monday. The company traded as high as $121.27 and last traded at $119.9320, with a volume of 119,844 shares traded. The stock had previously closed at $120.33.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The stock has a market cap of $667.58 million, a price-to-earnings ratio of 13.87 and a beta of 0.56. The stock’s 50-day moving average is $114.38 and its 200-day moving average is $104.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RSPG. Walker Asset Management LLC boosted its holdings 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 purchasing an additional 130 shares during the last quarter. Lido Advisors LLC increased its stake in Invesco S&P 500 Equal Weight Energy ETF by 4.9% in the first quarter. Lido Advisors LLC now owns 2,992 shares of the company’s stock valued at $328,000 after purchasing an additional 139 shares during the last quarter. Somerset Trust Co increased its stake in Invesco S&P 500 Equal Weight Energy ETF by 1.2% in the second quarter. Somerset Trust Co now owns 13,982 shares of the company’s stock valued at $1,370,000 after purchasing an additional 165 shares during the last quarter. Longview Financial Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight Energy ETF by 4.3% in the second quarter. Longview Financial Advisors Inc. now owns 6,039 shares of the company’s stock valued at $592,000 after purchasing an additional 251 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its position in Invesco S&P 500 Equal Weight Energy ETF by 29.2% during the second quarter. First Heartland Consultants Inc. now owns 2,501 shares of the company’s stock worth $245,000 after buying an additional 565 shares during the period.

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.