Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sets New 1-Year High – Here’s What Happened

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) hit a new 52-week high on Wednesday. The stock traded as high as $41.25 and last traded at $40.9280, with a volume of 96,381 shares changing hands. The stock had previously closed at $39.98.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 3.7%

The firm’s 50-day moving average price is $37.81 and its 200-day moving average price is $33.75. The company has a market cap of $1.02 billion, a P/E ratio of 21.06 and a beta of 0.77.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. StoneX Group Inc. bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter valued at $446,000. Asset Dedication LLC bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the third quarter worth $798,000. Kestra Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 7.2% in the third quarter. Kestra Advisory Services LLC now owns 16,477 shares of the company’s stock worth $610,000 after acquiring an additional 1,113 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the third quarter valued at $3,769,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the third quarter valued at $227,000.

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.