Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 1-Year High – Still a Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPHGet Free Report) hit a new 52-week high on Tuesday . The stock 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 stock has a fifty day moving average of $33.86 and a 200-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 Trading of Invesco S&P 500 Equal Weight Health Care ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter valued at $26,000. Hazlett Burt & Watson Inc. purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter worth about $32,000. Raleigh Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 1st quarter worth about $33,000. CIBC Private Wealth Group LLC lifted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock valued at $33,000 after buying an additional 397 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at about $41,000.

About Invesco S&P 500 Equal Weight Health Care ETF

(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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