McAdam LLC Buys Shares of 102,910 Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)

McAdam LLC acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 102,910 shares of the company’s stock, valued at approximately $3,065,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RSPH. Rainey & Randall Investment Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter worth approximately $20,297,000. Peak Financial Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at $10,198,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter valued at $9,466,000. SignalPoint Asset Management LLC bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter worth about $3,893,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter valued at about $3,631,000.

Invesco S&P 500 Equal Weight Health Care ETF Price Performance

Shares of RSPH traded up $0.26 during mid-day trading on Monday, hitting $30.09. The company’s stock had a trading volume of 15,032 shares, compared to its average volume of 93,913. The stock has a market capitalization of $969.80 million, a price-to-earnings ratio of 24.22 and a beta of 1.01. Invesco S&P 500 Equal Weight Health Care ETF has a fifty-two week low of $25.03 and a fifty-two week high of $31.90. The firm has a 50-day moving average price of $30.88 and a 200 day moving average price of $29.34.

Invesco S&P 500 Equal Weight Health Care ETF Company Profile

The Invesco S&P 500 Equal Weight Health Care ETF (RSPH) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of US health care companies taken from the S&P 500 Index. RSPH was launched on Nov 1, 2006 and is managed by Invesco.