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:RSPH) saw unusually-high trading volume on Thursday . Approximately 1,918,026 shares were traded during trading, an increase of 2,174% from the previous session’s volume of 84,352 shares.The stock last traded at $30.55 and had previously closed at $30.47.

Invesco S&P 500 Equal Weight Health Care ETF Trading Down 0.9%

The firm has a fifty day moving average price of $30.63 and a 200 day moving average price of $31.55. The firm has a market cap of $687.65 million, a PE ratio of 21.06 and a beta of 0.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RSPH. Goldman Sachs Group Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 1st quarter worth $562,000. EP Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 15.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,400 shares of the company’s stock worth $187,000 after purchasing an additional 880 shares during the last quarter. Live Oak Investment Partners increased its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 62.4% during the 3rd quarter. Live Oak Investment Partners now owns 13,380 shares of the company’s stock worth $367,000 after purchasing an additional 5,139 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter worth about $316,000. Finally, HHM Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 7.2% during the 3rd quarter. HHM Wealth Advisors LLC now owns 23,195 shares of the company’s stock worth $682,000 after purchasing an additional 1,550 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.