3,933 Shares in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) in the 4th quarter, HoldingsChannel.com reports. The firm bought 3,933 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its position in Invesco S&P 500 Equal Weight Energy ETF by 3.0% during the third quarter. FMR LLC now owns 5,973 shares of the company’s stock worth $458,000 after buying an additional 174 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter worth about $640,000. Atria Investments Inc purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter worth about $276,000. Franklin Resources Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter worth about $51,000. Finally, Worth Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 77.9% in the 4th quarter. Worth Asset Management LLC now owns 6,322 shares of the company’s stock worth $483,000 after purchasing an additional 2,768 shares in the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 1.8 %

RSPG opened at $80.87 on Friday. The stock has a 50-day moving average price of $80.32 and a 200-day moving average price of $79.71. Invesco S&P 500 Equal Weight Energy ETF has a 12-month low of $72.86 and a 12-month high of $86.61. The stock has a market capitalization of $517.57 million, a P/E ratio of 13.03 and a beta of 1.41.

About Invesco S&P 500 Equal Weight Energy ETF

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