Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sets New 1-Year High – Time to Buy?

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) hit a new 52-week high on Thursday . The stock traded as high as $33.80 and last traded at $33.67, with a volume of 109549 shares changing hands. The stock had previously closed at $33.19.

Invesco S&P 500 Equal Weight Health Care ETF Price Performance

The stock has a market cap of $708.42 million, a PE ratio of 21.06 and a beta of 0.78. The stock’s fifty day moving average is $31.29 and its 200-day moving average is $31.66.

Institutional Trading of Invesco S&P 500 Equal Weight Health Care ETF

Hedge funds have recently made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 3.0% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 440,394 shares of the company’s stock worth $13,297,000 after buying an additional 12,750 shares during the last quarter. Bank of America Corp DE lifted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 1.2% in the first quarter. Bank of America Corp DE now owns 430,101 shares of the company’s stock valued at $12,986,000 after acquiring an additional 5,234 shares during the last quarter. Royal Bank of Canada grew its position in Invesco S&P 500 Equal Weight Health Care ETF by 4.9% in the first quarter. Royal Bank of Canada now owns 350,011 shares of the company’s stock worth $10,568,000 after acquiring an additional 16,485 shares during the period. Focus Partners Wealth purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter worth approximately $6,816,000. Finally, Osaic Holdings Inc. increased its stake in Invesco S&P 500 Equal Weight Health Care ETF by 31.7% during the fourth quarter. Osaic Holdings Inc. now owns 203,831 shares of the company’s stock worth $6,492,000 after acquiring an additional 49,015 shares during the last quarter.

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.