Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sets New 52-Week High – Should You Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)’s share price hit a new 52-week high during trading on Wednesday. The company traded as high as $41.25 and last traded at $40.9280, with a volume of 96,381 shares. The stock had previously closed at $39.98.

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

The company has a 50-day moving average of $37.93 and a two-hundred day moving average of $33.83. The company has a market capitalization of $1.00 billion, a PE ratio of 21.06 and a beta of 0.77.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Avidian Wealth Enterprises LLC bought a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 3rd quarter worth approximately $579,000. First Heartland Consultants Inc. bought a new position in Invesco S&P 500 Equal Weight Health Care ETF during the third quarter valued at $696,000. Valley Wealth Managers Inc. purchased a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the third quarter worth $7,555,000. Perryman Financial Advisory Inc. AD purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the third quarter valued at approximately $550,000. Finally, Royal Bank of Canada lifted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 4.9% in the first quarter. Royal Bank of Canada now owns 350,011 shares of the company’s stock worth $10,568,000 after acquiring an additional 16,485 shares during the period.

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.