Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Unusually-High Trading Volume – What’s Next?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw strong trading volume on Thursday . Approximately 194,658 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 113,696 shares.The stock last traded at $34.10 and had previously closed at $33.93.

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

The company has a 50-day moving average of $31.65 and a two-hundred day moving average of $31.75. The stock has a market capitalization of $724.37 million, a PE ratio of 21.06 and a beta of 0.78.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RSPH. Walled Lake Planning & Wealth Management LLC grew its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 3.0% in the first quarter. Walled Lake Planning & Wealth Management LLC now owns 440,394 shares of the company’s stock valued at $13,297,000 after purchasing an additional 12,750 shares during the period. Bank of America Corp DE raised its stake in Invesco S&P 500 Equal Weight Health Care ETF by 1.2% during the first quarter. Bank of America Corp DE now owns 430,101 shares of the company’s stock worth $12,986,000 after purchasing an additional 5,234 shares during the period. Royal Bank of Canada boosted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 4.9% in the 1st quarter. Royal Bank of Canada now owns 350,011 shares of the company’s stock valued at $10,568,000 after purchasing an additional 16,485 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter valued at $6,816,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 31.7% in the 4th quarter. Osaic Holdings Inc. now owns 203,831 shares of the company’s stock valued at $6,492,000 after purchasing an additional 49,015 shares during the last quarter.

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

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.