Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Stock Price Up 0.4% – Time to Buy?

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) rose 0.4% on Thursday . The stock traded as high as $86.56 and last traded at $86.50. Approximately 63,263 shares traded hands during trading, a decline of 34% from the average daily volume of 96,562 shares. The stock had previously closed at $86.16.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The company’s 50 day simple moving average is $81.46 and its 200 day simple moving average is $78.71. The company has a market capitalization of $493.92 million, a PE ratio of 13.87 and a beta of 0.87.

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

Several hedge funds have recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter worth $35,816,000. Guild Investment Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at about $5,218,000. Farther Finance Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 290.4% during the third quarter. Farther Finance Advisors LLC now owns 79,507 shares of the company’s stock worth $6,330,000 after acquiring an additional 59,139 shares during the period. BNP Paribas Financial Markets raised its holdings in Invesco S&P 500 Equal Weight Energy ETF by 402.6% during the second quarter. BNP Paribas Financial Markets now owns 50,256 shares of the company’s stock worth $3,743,000 after purchasing an additional 40,256 shares in the last quarter. Finally, Financial Guidance Group Inc. purchased a new position in Invesco S&P 500 Equal Weight Energy ETF during the second quarter worth about $1,722,000.

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.