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

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

Invesco S&P 500 Equal Weight Health Care ETF Stock Down 0.5%

The stock’s 50-day moving average is $34.62 and its 200 day moving average is $32.41. The stock has a market capitalization of $129.41 million, a PE ratio of 20.93 and a beta of 0.85.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

An institutional investor recently bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF stock. Compass Financial Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYHFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 873 shares of the company’s stock, valued at approximately $29,000.

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

(Get Free Report)

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.

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