Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Hits New 1-Year Low – Here’s Why

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $28.01 and last traded at $27.96, with a volume of 83319 shares trading hands. The stock had previously closed at $29.12.

Invesco S&P 500 Equal Weight Health Care ETF Stock Down 5.2 %

The firm has a 50 day moving average price of $30.27 and a 200 day moving average price of $30.58. The stock has a market capitalization of $740.77 million, a PE ratio of 26.02 and a beta of 0.86.

Invesco S&P 500 Equal Weight Health Care ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.0551 dividend. This is a positive change from Invesco S&P 500 Equal Weight Health Care ETF’s previous dividend of $0.05. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPH. Proficio Capital Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter worth approximately $858,000. MML Investors Services LLC bought a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 3rd quarter valued at $207,000. Jones Financial Companies Lllp grew its stake in Invesco S&P 500 Equal Weight Health Care ETF by 12.9% in the 4th quarter. Jones Financial Companies Lllp now owns 22,851 shares of the company’s stock valued at $670,000 after purchasing an additional 2,609 shares during the period. FCA Corp TX increased its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 0.8% during the 4th quarter. FCA Corp TX now owns 140,472 shares of the company’s stock valued at $4,116,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth $8,286,000.

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.