Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw unusually-high trading volume on Thursday . Approximately 194,658 shares were traded during mid-day trading, an increase of 71% from the previous session’s volume of 113,696 shares.The stock last traded at $34.10 and had previously closed at $33.93.

Invesco S&P 500 Equal Weight Health Care ETF Stock Down 0.4%

The company’s 50 day simple moving average is $31.80 and its 200-day simple moving average is $31.78. The firm has a market cap of $724.79 million, a P/E ratio of 21.06 and a beta of 0.78.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

A number of large investors have recently bought and sold shares of the business. Walker Asset Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 0.9% during the first quarter. Walker Asset Management LLC now owns 43,444 shares of the company’s stock worth $1,312,000 after purchasing an additional 367 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock worth $33,000 after buying an additional 397 shares during the period. Janney Montgomery Scott LLC increased its stake in Invesco S&P 500 Equal Weight Health Care ETF by 4.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,117 shares of the company’s stock worth $487,000 after buying an additional 635 shares during the period. IFP Advisors Inc lifted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 22.1% during the 4th quarter. IFP Advisors Inc now owns 3,968 shares of the company’s stock valued at $126,000 after buying an additional 718 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 46.4% during the 4th quarter. Montag A & Associates Inc. now owns 2,433 shares of the company’s stock valued at $77,000 after buying an additional 771 shares in the last quarter.

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.