Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Large Volume Increase – Here’s Why

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw unusually-strong trading volume on Tuesday. 138,704 shares changed hands during trading, an increase of 1% from the average daily volume of 137,266 shares. The stock last traded at $40.2210 and had previously closed at $39.90.

Invesco S&P 500 Equal Weight Health Care ETF Stock Down 2.4%

The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 21.06 and a beta of 0.77. The business has a 50-day moving average price of $37.88 and a 200-day moving average price of $33.79.

Institutional Trading of Invesco S&P 500 Equal Weight Health Care ETF

A number of institutional investors have recently bought and sold shares of the company. Jacobi Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight Health Care ETF during the third quarter worth $60,000. Lido Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter valued at $1,225,000. StoneX Group Inc. acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter valued at $446,000. Asset Dedication LLC acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter valued at $798,000. Finally, Kestra Advisory Services LLC boosted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 7.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 16,477 shares of the company’s stock valued at $610,000 after purchasing an additional 1,113 shares during the period.

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.