Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sets New 12-Month High – Here’s Why

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $33.15 and last traded at $33.0650, with a volume of 26439 shares trading hands. The stock had previously closed at $32.46.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 2.0%

The company has a market capitalization of $782.46 million, a PE ratio of 21.06 and a beta of 0.84. The firm has a 50-day moving average of $31.50 and a two-hundred day moving average of $30.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the third quarter worth $29,000. AlphaCore Capital LLC grew its stake in Invesco S&P 500 Equal Weight Health Care ETF by 486.0% during the 2nd quarter. AlphaCore Capital LLC now owns 1,049 shares of the company’s stock worth $31,000 after purchasing an additional 870 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock worth $33,000 after purchasing an additional 397 shares during the period. Lavaca Capital LLC raised its position in Invesco S&P 500 Equal Weight Health Care ETF by 302.1% in the 2nd quarter. Lavaca Capital LLC now owns 4,423 shares of the company’s stock valued at $129,000 after purchasing an additional 3,323 shares in the last quarter. Finally, CX Institutional boosted its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 991.4% in the 3rd quarter. CX Institutional now owns 5,828 shares of the company’s stock valued at $171,000 after buying an additional 5,294 shares during the period.

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.