Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYH) Shares Up 0.8% – Time to Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYH) was up 0.8% during mid-day trading on Wednesday . The company traded as high as $38.06 and last traded at $38.02. 178,419 shares were traded during trading, an increase of 1,845% from the average session volume of 9,174 shares. The stock had previously closed at $37.70.

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

The company has a market capitalization of $130.03 million, a PE ratio of 20.93 and a beta of 0.85. The company’s fifty day moving average is $34.50 and its 200-day moving average is $32.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF stock. Compass Financial Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 873 shares of the company’s stock, valued at approximately $29,000.

About Invesco S&P 500 Equal Weight Health Care ETF

The Invesco S&P 500 Equal Weight Health Care ETF (RYH) 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. RYH was launched on Nov 1, 2006 and is managed by Invesco.