Envestnet Asset Management Inc. has expanded its investment in the Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) by 19.0% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission, Envestnet now holds 15,475 shares of the fund, having acquired an additional 2,471 shares in the period. As of the latest SEC report, these holdings are valued at approximately $1.15 million.
Several other prominent investors have also adjusted their positions in the Invesco S&P 500 Equal Weight Energy ETF. For instance, Summit Financial LLC increased its stake by 5.6% in the first quarter, bringing its total to 2,984 shares, valued at $244,000 after acquiring an additional 159 shares. Friedenthal Financial similarly raised its holdings by 2.3% during the second quarter, now owning 7,144 shares worth $532,000, following a purchase of 161 shares.
Comerica Bank has also boosted its investment, enhancing its position by 5.5% in the first quarter. This has resulted in ownership of 4,486 shares valued at $367,000, after acquiring 234 additional shares. Additionally, Joseph P. Lucia & Associates LLC grew its stake by 1.2%, now holding 29,170 shares valued at $2.39 million after purchasing 333 more shares. Ameritas Advisory Services LLC entered the market with a new position in the ETF during the second quarter, valued at $26,000.
Price Performance and Market Metrics
As of the last trading session, shares of the Invesco S&P 500 Equal Weight Energy ETF opened at $79.93. The fund’s 50-day simple moving average stands at $78.70, while the 200-day moving average is $76.52. Over the past year, the ETF has experienced fluctuations, reaching a low of $63.76 and a high of $86.61.
The Invesco S&P 500 Equal Weight Energy ETF has a market capitalization of $418.83 million, a price-to-earnings (P/E) ratio of 13.87, and a beta of 0.87. This ETF is designed to provide investment exposure to an equal-weighted index of U.S. energy companies within the S&P 500, and it has been managed by Invesco since its launch on November 1, 2006.
For those interested in the latest trends and changes among hedge funds holding RSPG, resources such as HoldingsChannel.com offer comprehensive insights, including the most recent 13F filings and insider transactions for the Invesco S&P 500 Equal Weight Energy ETF.
