Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYH) Shares Down 0.8% – Here’s Why

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYH)’s stock price was down 0.8% on Wednesday. The stock traded as low as $36.83 and last traded at $36.97. 220,852 shares were traded during trading, an increase of 2,307% from the average session volume of 9,174 shares. The stock had previously closed at $37.28.

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

The company has a market capitalization of $126.44 million, a P/E ratio of 20.93 and a beta of 0.85. The business has a 50-day moving average of $36.67 and a 200-day moving average of $33.40.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

An institutional investor recently bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF stock. Compass Financial Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 873 shares of the company’s stock, valued at approximately $29,000.

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

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