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

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) reached a new 52-week high on Wednesday . The stock 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 firm has a market cap of $727.78 million, a price-to-earnings ratio of 21.06 and a beta of 0.78. The firm has a 50 day moving average price of $31.73 and a 200-day moving average price of $31.77.

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

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth about $26,000. Lodestone Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter worth approximately $32,000. Raleigh Capital Management Inc. bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the first quarter worth approximately $33,000. Finally, CIBC Private Wealth Group LLC lifted its position in 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 worth $33,000 after purchasing an additional 397 shares during the period.

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.