Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Stock Price Up 0.9% – What’s Next?

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) rose 0.9% during trading on Wednesday . The stock traded as high as $31.49 and last traded at $31.40. Approximately 54,807 shares changed hands during trading, a decline of 39% from the average daily volume of 89,381 shares. The stock had previously closed at $31.11.

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

The firm has a market capitalization of $745.12 million, a P/E ratio of 21.06 and a beta of 0.84. The business’s fifty day moving average price is $29.88 and its two-hundred day moving average price is $29.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. AE Wealth Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 66.5% in the first quarter. AE Wealth Management LLC now owns 941 shares of the company’s stock worth $28,000 after acquiring an additional 376 shares during the period. Avalon Trust Co acquired a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the 1st quarter worth about $30,000. Mather Group LLC. purchased a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter valued at about $29,000. SVB Wealth LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 1st quarter valued at about $31,000. Finally, AlphaCore Capital LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 486.0% in the second quarter. AlphaCore Capital LLC now owns 1,049 shares of the company’s stock worth $31,000 after buying an additional 870 shares during the last quarter.

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.