Rainey & Randall Investment Management Inc. Takes $20.30 Million Position in Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)

Rainey & Randall Investment Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 681,580 shares of the company’s stock, valued at approximately $20,297,000. Invesco S&P 500 Equal Weight Health Care ETF accounts for 5.2% of Rainey & Randall Investment Management Inc.’s holdings, making the stock its 7th largest position. Rainey & Randall Investment Management Inc. owned about 2.01% of Invesco S&P 500 Equal Weight Health Care ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RSPH. SOA Wealth Advisors LLC. acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at about $134,000. Yarbrough Capital LLC acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at about $252,000. GPS Wealth Strategies Group LLC acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at about $31,000. Cooper Financial Group acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at about $493,000. Finally, Retirement Planning Group LLC acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at about $211,000.

Invesco S&P 500 Equal Weight Health Care ETF Trading Up 0.4 %

Invesco S&P 500 Equal Weight Health Care ETF stock traded up $0.13 during midday trading on Friday, reaching $29.43. 123,561 shares of the stock traded hands, compared to its average volume of 97,613. The firm has a fifty day moving average price of $30.96 and a two-hundred day moving average price of $29.25. The firm has a market cap of $948.53 million, a price-to-earnings ratio of 24.22 and a beta of 1.01. Invesco S&P 500 Equal Weight Health Care ETF has a fifty-two week low of $25.03 and a fifty-two week high of $31.90.

About Invesco S&P 500 Equal Weight Health Care ETF

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.