Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Reaches New 52-Week High at $82.21

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $82.21 and last traded at $81.54, with a volume of 42116 shares changing hands. The stock had previously closed at $80.87.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The firm has a market capitalization of $600.73 million, a price-to-earnings ratio of 12.22 and a beta of 0.60. The business’s 50-day moving average price is $80.44 and its 200 day moving average price is $75.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Tucker Asset Management LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter valued at $55,000. VitalStone Financial LLC raised its stake in Invesco S&P 500 Equal Weight Energy ETF by 760.1% during the third quarter. VitalStone Financial LLC now owns 2,546 shares of the company’s stock valued at $187,000 after buying an additional 2,250 shares in the last quarter. Dana Investment Advisors Inc. bought a new position in Invesco S&P 500 Equal Weight Energy ETF during the third quarter worth $182,000. Lido Advisors LLC increased its stake in Invesco S&P 500 Equal Weight Energy ETF by 69.8% during the third quarter. Lido Advisors LLC now owns 10,041 shares of the company’s stock valued at $669,000 after purchasing an additional 4,127 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 97.4% during the third quarter. Stifel Financial Corp now owns 71,793 shares of the company’s stock worth $4,782,000 after purchasing an additional 35,429 shares during the period.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

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.