First Foundation Advisors Takes $399,000 Position in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG)

First Foundation Advisors bought a new stake in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) in the first quarter, Holdings Channel.com reports. The firm bought 4,797 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth about $29,000. BKM Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth about $153,000. Brookstone Capital Management acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth about $999,000. Davis Investment Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth about $847,000. Finally, Penbrook Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth about $607,000.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 0.8 %

Invesco S&P 500 Equal Weight Energy ETF stock traded down $0.64 during midday trading on Friday, hitting $82.05. 32,602 shares of the stock were exchanged, compared to its average volume of 69,670. Invesco S&P 500 Equal Weight Energy ETF has a fifty-two week low of $68.97 and a fifty-two week high of $86.59. The stock has a market capitalization of $604.71 million, a price-to-earnings ratio of 11.59 and a beta of 0.56. The stock’s 50-day simple moving average is $80.39 and its 200 day simple moving average is $78.56.

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.