Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sees Large Volume Increase – Time to Buy?

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPGGet Free Report) saw unusually-strong trading volume on Monday . Approximately 145,297 shares traded hands during trading, an increase of 111% from the previous session’s volume of 68,762 shares.The stock last traded at $79.57 and had previously closed at $79.06.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 0.8 %

The company has a fifty day simple moving average of $79.97 and a 200-day simple moving average of $79.52. The firm has a market cap of $587.32 million, a P/E ratio of 11.59 and a beta of 0.56.

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

Several hedge funds have recently bought and sold shares of RSPG. Matauro LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter worth about $19,846,000. Private Advisor Group LLC lifted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 20,891 shares of the company’s stock worth $1,595,000 after buying an additional 201 shares in the last quarter. Longview Financial Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.8% in the fourth quarter. Longview Financial Advisors Inc. now owns 6,754 shares of the company’s stock worth $516,000 after buying an additional 311 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 39.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,381 shares of the company’s stock worth $680,000 after buying an additional 2,379 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter valued at approximately $4,500,000.

About Invesco S&P 500 Equal Weight Energy ETF

(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.

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