Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Shares Up 0.4% – Still a Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)’s share price rose 0.4% during mid-day trading on Thursday . The company traded as high as $86.56 and last traded at $86.50. Approximately 63,263 shares changed 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 Stock Performance

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in 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 valued at $6,330,000 after buying an additional 59,139 shares during the period. Somerset Trust Co increased its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 123.8% in the 3rd quarter. Somerset Trust Co now owns 13,215 shares of the company’s stock worth $1,052,000 after acquiring an additional 7,310 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in Invesco S&P 500 Equal Weight Energy ETF during the 2nd quarter valued at about $544,000. Salomon & Ludwin LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the second quarter worth about $57,000. Finally, Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Equal Weight Energy ETF by 19.0% during the second quarter. Envestnet Asset Management Inc. now owns 15,475 shares of the company’s stock worth $1,153,000 after acquiring an additional 2,471 shares in the last quarter.

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.