Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sees Unusually-High Trading Volume – Should You Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPGGet Free Report) shares saw an uptick in trading volume on Monday . 100,859 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 50,963 shares.The stock last traded at $80.65 and had previously closed at $82.99.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

The firm has a market cap of $595.05 million, a price-to-earnings ratio of 11.59 and a beta of 0.56. The stock has a 50-day moving average of $80.29 and a 200-day moving average of $79.56.

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

Several institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at about $51,000. Howe & Rusling Inc. acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at approximately $51,000. Anchor Investment Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at approximately $108,000. Creative Financial Designs Inc. ADV boosted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 214.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,695 shares of the company’s stock valued at $130,000 after buying an additional 1,156 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the second quarter valued at approximately $137,000.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

(Get Free Report)

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.

Further Reading

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