Rainey & Randall Investment Management Inc. Reduces Stake in Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)

Rainey & Randall Investment Management Inc. lowered its holdings in Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 705,529 shares of the company’s stock after selling 3,488 shares during the quarter. Invesco S&P 500 Equal Weight Health Care ETF makes up 4.9% of Rainey & Randall Investment Management Inc.’s portfolio, making the stock its 7th biggest position. Rainey & Randall Investment Management Inc. owned 2.21% of Invesco S&P 500 Equal Weight Health Care ETF worth $22,739,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RSPH. Avantax Advisory Services Inc. lifted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 62.8% during the first quarter. Avantax Advisory Services Inc. now owns 14,689 shares of the company’s stock worth $467,000 after buying an additional 5,667 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 1.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 65,520 shares of the company’s stock worth $1,968,000 after purchasing an additional 891 shares during the last quarter. Mather Group LLC. purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the second quarter valued at about $32,000. Choreo LLC raised its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 12.2% in the second quarter. Choreo LLC now owns 22,550 shares of the company’s stock worth $670,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 12.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 54,440 shares of the company’s stock valued at $1,731,000 after buying an additional 6,012 shares in the last quarter.

Invesco S&P 500 Equal Weight Health Care ETF Stock Down 0.3 %

Shares of Invesco S&P 500 Equal Weight Health Care ETF stock opened at $31.12 on Wednesday. Invesco S&P 500 Equal Weight Health Care ETF has a 52-week low of $25.03 and a 52-week high of $32.85. The firm’s 50 day moving average price is $31.79 and its 200-day moving average price is $30.89. The company has a market cap of $994.91 million, a P/E ratio of 23.48 and a beta of 1.02.

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.