Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 52-Week High – Time to Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPHGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.90 and last traded at $34.52, with a volume of 123486 shares trading hands. The stock had previously closed at $34.31.

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

The company has a market cap of $731.82 million, a PE ratio of 21.06 and a beta of 0.78. The firm’s fifty day moving average is $31.58 and its 200 day moving average is $31.74.

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

A number of institutional investors and hedge funds have recently modified their holdings of RSPH. International Assets Investment Management LLC purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter valued at about $26,000. Lodestone Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth approximately $28,000. Hazlett Burt & Watson Inc. purchased a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth approximately $32,000. Raleigh Capital Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the first quarter valued at approximately $33,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 55.7% during 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 during the last quarter.

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

(Get Free Report)

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.

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