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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) shares saw an uptick in trading volume on Monday . 145,297 shares traded hands during mid-day 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 Trading Up 0.2 %

The company’s 50-day moving average is $79.81 and its two-hundred day moving average is $79.49. The stock has a market capitalization of $599.77 million, a P/E ratio of 11.59 and a beta of 0.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RSPG. Franklin Resources Inc. acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF in the third quarter worth about $51,000. Howe & Rusling Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter worth approximately $51,000. Anchor Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at approximately $108,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 214.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,695 shares of the company’s stock valued at $130,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Centaurus Financial Inc. acquired 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

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.