Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sets New 12-Month High – Time to Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $36.30 and last traded at $36.23, with a volume of 6585 shares. The stock had previously closed at $35.76.

Invesco S&P 500 Equal Weight Health Care ETF Stock Performance

The company has a fifty day moving average of $33.86 and a two-hundred day moving average of $32.17. The company has a market cap of $797.33 million, a PE ratio of 21.06 and a beta of 0.78.

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

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

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.