Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Unusually-High Trading Volume – What’s Next?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) shares saw an uptick in trading volume on Thursday . 70,328 shares changed hands during trading, a decline of 11% from the previous session’s volume of 79,381 shares.The stock last traded at $31.37 and had previously closed at $31.26.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 0.7 %

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 23.48 and a beta of 1.02. The stock has a fifty day moving average of $31.62 and a 200-day moving average of $30.95.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. boosted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 62.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 14,689 shares of the company’s stock worth $467,000 after purchasing an additional 5,667 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 1.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 65,520 shares of the company’s stock worth $1,968,000 after buying an additional 891 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 2nd quarter valued at approximately $32,000. Choreo LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 12.2% during the 2nd quarter. Choreo LLC now owns 22,550 shares of the company’s stock worth $670,000 after acquiring an additional 2,450 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Invesco S&P 500 Equal Weight Health Care ETF by 12.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 54,440 shares of the company’s stock valued at $1,731,000 after purchasing an additional 6,012 shares in the last quarter.

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.