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

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

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

The company has a market capitalization of $621.87 million, a P/E ratio of 12.22 and a beta of 0.65. The firm’s fifty day moving average is $78.86 and its 200-day moving average is $75.55.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG grew its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.4% during the 3rd quarter. UBS Group AG now owns 489,279 shares of the company’s stock valued at $32,591,000 after purchasing an additional 6,908 shares during the last quarter. CMC Financial Group boosted its position in Invesco S&P 500 Equal Weight Energy ETF by 82.1% during the 3rd quarter. CMC Financial Group now owns 179,347 shares of the company’s stock worth $11,946,000 after buying an additional 80,865 shares during the period. Bensler LLC acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter worth approximately $8,853,000. HighTower Advisors LLC boosted its position in Invesco S&P 500 Equal Weight Energy ETF by 18.1% during the 3rd quarter. HighTower Advisors LLC now owns 76,776 shares of the company’s stock worth $5,114,000 after buying an additional 11,785 shares during the period. Finally, Stifel Financial Corp boosted its position in Invesco S&P 500 Equal Weight Energy ETF by 97.4% during the 3rd quarter. Stifel Financial Corp now owns 71,793 shares of the company’s stock worth $4,782,000 after buying an additional 35,429 shares during the period.

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.