Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Sets New 12-Month High at $84.88

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) reached a new 52-week high on Monday . The stock traded as high as $84.88 and last traded at $83.23, with a volume of 60348 shares traded. The stock had previously closed at $84.12.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The stock has a 50-day simple moving average of $77.84 and a 200-day simple moving average of $75.25. The stock has a market cap of $611.19 million, a P/E ratio of 12.22 and a beta of 0.65.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Energy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF in the second quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the first quarter valued at approximately $31,000. CWM LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 665.2% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $34,000 after acquiring an additional 439 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the third quarter valued at approximately $37,000. Finally, Tucker Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight Energy ETF in the third quarter worth $55,000.

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.