Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Hits New 12-Month High at $83.75

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $83.75 and last traded at $83.13, with a volume of 71552 shares. The stock had previously closed at $82.60.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 0.2 %

The company has a market cap of $621.87 million, a PE ratio of 12.22 and a beta of 0.65. The business’s 50-day simple moving average is $78.86 and its 200-day simple moving average is $75.55.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Energy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oarsman Capital Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 0.6% during the 3rd quarter. Oarsman Capital Inc. now owns 61,941 shares of the company’s stock valued at $4,126,000 after purchasing an additional 383 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.9% during the 3rd quarter. Joseph P. Lucia & Associates LLC now owns 23,480 shares of the company’s stock valued at $1,564,000 after purchasing an additional 436 shares in the last quarter. CWM LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 665.2% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $34,000 after purchasing an additional 439 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter valued at $55,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 37,839 shares of the company’s stock valued at $2,520,000 after purchasing an additional 1,045 shares in the last quarter.

About Invesco S&P 500 Equal Weight Energy ETF

The Invesco S&P 500 Equal Weight Energy ETF (RYE) 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. RYE was launched on Nov 1, 2006 and is managed by Invesco.