Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 52-Week High – Here’s What Happened

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) hit a new 52-week high on Friday . The company traded as high as $33.51 and last traded at $33.50, with a volume of 16305 shares. The stock had previously closed at $32.80.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 1.8%

The stock’s 50-day simple moving average is $31.10 and its 200 day simple moving average is $31.61. The firm has a market cap of $760.29 million, a P/E ratio of 21.06 and a beta of 0.80.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth approximately $26,000. Lodestone Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new position in Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter worth $32,000. Raleigh Capital Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the first quarter worth $33,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% in the third quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock worth $33,000 after purchasing an additional 397 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.