Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sets New 12-Month High – Should You Buy?

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPHGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $35.04 and last traded at $34.98, with a volume of 10481 shares traded. The stock had previously closed at $34.13.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 2.5%

The stock has a market cap of $769.65 million, a price-to-earnings ratio of 21.06 and a beta of 0.78. The business’s 50 day simple moving average is $32.54 and its 200 day simple moving average is $31.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSPH. Walker Asset Management LLC increased its position in Invesco S&P 500 Equal Weight Health Care ETF by 0.9% during the first quarter. Walker Asset Management LLC now owns 43,444 shares of the company’s stock worth $1,312,000 after acquiring an additional 367 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock valued at $33,000 after purchasing an additional 397 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 4.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,117 shares of the company’s stock valued at $487,000 after purchasing an additional 635 shares during the period. IFP Advisors Inc grew its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 22.1% during the 4th quarter. IFP Advisors Inc now owns 3,968 shares of the company’s stock worth $126,000 after purchasing an additional 718 shares in the last quarter. Finally, Montag A & Associates Inc. grew its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 46.4% during the 4th quarter. Montag A & Associates Inc. now owns 2,433 shares of the company’s stock worth $77,000 after purchasing an additional 771 shares in the last quarter.

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

(Get Free Report)

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.

See Also

Receive News & Ratings for Invesco S&P 500 Equal Weight Health Care ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight Health Care ETF and related companies with MarketBeat.com's FREE daily email newsletter.