Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw strong trading volume on Monday . 141,872 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 111,652 shares.The stock last traded at $35.73 and had previously closed at $35.54.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 0.1%

The firm has a 50 day simple moving average of $33.50 and a 200-day simple moving average of $32.09. The stock has a market cap of $794.46 million, a P/E ratio of 21.06 and a beta of 0.78.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Focus Partners Wealth purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter valued at approximately $6,816,000. National Bank of Canada FI boosted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 1,954.6% in the third quarter. National Bank of Canada FI now owns 108,792 shares of the company’s stock worth $3,191,000 after acquiring an additional 103,497 shares during the period. Sykon Capital LLC purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter valued at about $2,029,000. Osaic Holdings Inc. increased its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 31.7% during the fourth quarter. Osaic Holdings Inc. now owns 203,831 shares of the company’s stock valued at $6,492,000 after buying an additional 49,015 shares during the period. Finally, Hills Bank & Trust Co bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter valued at about $1,316,000.

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.