Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 12-Month High – Still a Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $38.26 and last traded at $38.06, with a volume of 2,482 shares trading hands. The stock had previously closed at $37.76.

Invesco S&P 500 Equal Weight Health Care ETF Trading Up 0.6%

The company has a fifty day moving average price of $36.91 and a two-hundred day moving average price of $33.68. The firm has a market capitalization of $899.37 million, a PE ratio of 21.06 and a beta of 0.78.

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

Institutional investors have recently added to or reduced their stakes in the business. Optas LLC lifted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 99.6% in the first quarter. Optas LLC now owns 60,308 shares of the company’s stock valued at $1,821,000 after acquiring an additional 30,098 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter worth $579,000. First Heartland Consultants Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter worth $696,000. Royal Bank of Canada grew its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 4.9% during the 1st quarter. Royal Bank of Canada now owns 350,011 shares of the company’s stock worth $10,568,000 after purchasing an additional 16,485 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 27.0% during the 1st quarter. Cetera Investment Advisers now owns 153,515 shares of the company’s stock worth $4,635,000 after purchasing an additional 32,655 shares during the period.

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.