Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sets New 1-Year High – Here’s Why

by · The Markets Daily

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $33.50 and last traded at $32.79, with a volume of 12536 shares changing hands. The stock had previously closed at $32.79.

Invesco S&P 500 Equal Weight Health Care ETF Trading Down 0.8%

The stock has a 50-day simple moving average of $31.97 and a 200-day simple moving average of $30.27. The company has a market cap of $774.98 million, a price-to-earnings ratio of 21.06 and a beta of 0.84.

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

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 1st quarter valued at about $562,000. Focus Financial Network Inc. raised its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 2.1% during the second quarter. Focus Financial Network Inc. now owns 122,087 shares of the company’s stock worth $3,562,000 after purchasing an additional 2,564 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Invesco S&P 500 Equal Weight Health Care ETF by 1.7% in the second quarter. Farther Finance Advisors LLC now owns 123,776 shares of the company’s stock worth $3,612,000 after purchasing an additional 2,079 shares during the period. Walker Asset Management LLC lifted its position in Invesco S&P 500 Equal Weight Health Care ETF by 2.3% in the second quarter. Walker Asset Management LLC now owns 41,282 shares of the company’s stock worth $1,205,000 after purchasing an additional 943 shares during the period. Finally, Red Mountain Financial LLC boosted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 6.7% during the 2nd quarter. Red Mountain Financial LLC now owns 38,958 shares of the company’s stock valued at $1,170,000 after purchasing an additional 2,463 shares in the last quarter.

Invesco S&P 500 Equal Weight Health Care ETF Company Profile

(Get Free Report)

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.

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