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:RSPHGet Free Report) saw unusually-high trading volume on Friday . Approximately 191,509 shares changed hands during trading, an increase of 89% from the previous session’s volume of 101,280 shares.The stock last traded at $31.99 and had previously closed at $31.72.

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

The company’s 50-day simple moving average is $30.65 and its 200 day simple moving average is $31.59. The stock has a market cap of $726.36 million, a P/E ratio of 21.06 and a beta of 0.80.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth approximately $26,000. Lodestone Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth approximately $32,000. Raleigh Capital Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 1st quarter worth approximately $33,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of 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 buying an additional 397 shares in the last quarter.

About Invesco S&P 500 Equal Weight Health Care ETF

(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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