Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw unusually-high trading volume on Tuesday . Approximately 496,017 shares changed hands during trading, an increase of 337% from the previous session’s volume of 113,404 shares.The stock last traded at $37.47 and had previously closed at $37.40.

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

The firm has a market capitalization of $829.43 million, a PE ratio of 21.06 and a beta of 0.78. The firm’s fifty day moving average is $35.22 and its two-hundred day moving average is $32.61.

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

Several hedge funds have recently modified their holdings of RSPH. Continuum Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 2nd quarter worth approximately $25,000. 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 approximately $26,000. Compass Financial Management LLC bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the second quarter worth $29,000. Hazlett Burt & Watson Inc. bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter worth $32,000. Finally, Raleigh Capital Management Inc. bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the first quarter worth $33,000.

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.