Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Strong Trading Volume – Should You Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPHGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 140,219 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 81,598 shares.The stock last traded at $29.35 and had previously closed at $29.19.

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

The stock has a fifty day moving average price of $30.53 and a 200 day moving average price of $30.97. The firm has a market cap of $937.04 million, a price-to-earnings ratio of 23.48 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RSPH. Bank of Montreal Can raised its position in Invesco S&P 500 Equal Weight Health Care ETF by 9.7% in the third quarter. Bank of Montreal Can now owns 180,428 shares of the company’s stock worth $5,797,000 after purchasing an additional 15,979 shares in the last quarter. Natixis Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter worth approximately $435,000. HighTower Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 2,211,464 shares of the company’s stock valued at $71,262,000 after buying an additional 10,214 shares in the last quarter. IHT Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight Health Care ETF by 61.2% during the third quarter. IHT Wealth Management LLC now owns 25,869 shares of the company’s stock worth $829,000 after acquiring an additional 9,822 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the third quarter valued at $304,000.

About Invesco S&P 500 Equal Weight Health Care ETF

(Get Free Report)

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.

Further Reading

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