Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 1-Year High – What’s Next?

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

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

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

Institutional Trading of Invesco S&P 500 Equal Weight Health Care ETF

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

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.