Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 1-Year High – Should You Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.50 and last traded at $33.5240, with a volume of 13614 shares traded. The stock had previously closed at $33.26.

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

The firm’s 50-day simple moving average is $32.08 and its 200 day simple moving average is $30.35. The firm has a market capitalization of $787.63 million, a price-to-earnings ratio of 21.06 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 1st quarter valued at approximately $562,000. Walker Asset Management LLC lifted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 2.3% in the 2nd quarter. Walker Asset Management LLC now owns 41,282 shares of the company’s stock valued at $1,205,000 after purchasing an additional 943 shares during the last quarter. Red Mountain Financial LLC grew its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 6.7% during the second quarter. Red Mountain Financial LLC now owns 38,958 shares of the company’s stock worth $1,170,000 after buying an additional 2,463 shares during the last quarter. Yoder Wealth Management Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 9.8% in the 2nd quarter. Yoder Wealth Management Inc. now owns 66,595 shares of the company’s stock valued at $1,943,000 after acquiring an additional 5,961 shares during the last quarter. Finally, Friedenthal Financial boosted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 5.3% during the 2nd quarter. Friedenthal Financial now owns 109,934 shares of the company’s stock valued at $3,208,000 after acquiring an additional 5,577 shares in the last quarter.

About Invesco S&P 500 Equal Weight Health Care ETF

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.