Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 1-Year High – Should You Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $33.50 and last traded at $33.5240, with a volume of 13614 shares traded. The stock had previously closed at $33.26.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 0.3%

The company has a market capitalization of $787.63 million, a PE ratio of 21.06 and a beta of 0.84. The firm’s 50-day moving average is $32.08 and its 200-day moving average is $30.35.

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

Several institutional investors have recently modified their holdings of RSPH. Lodestone Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter valued at approximately $28,000. Mather Group LLC. purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 3rd quarter valued at $29,000. AlphaCore Capital LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 486.0% during the 2nd quarter. AlphaCore Capital LLC now owns 1,049 shares of the company’s stock valued at $31,000 after purchasing an additional 870 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings 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 valued at $33,000 after purchasing an additional 397 shares during the last quarter. Finally, Lavaca Capital LLC raised its position in Invesco S&P 500 Equal Weight Health Care ETF by 302.1% in the 2nd quarter. Lavaca Capital LLC now owns 4,423 shares of the company’s stock worth $129,000 after purchasing an additional 3,323 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.