Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 52-Week High – Time to Buy?

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPHGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $34.90 and last traded at $34.52, with a volume of 123486 shares trading hands. The stock had previously closed at $34.31.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 0.6%

The stock has a 50-day moving average of $31.58 and a 200 day moving average of $31.74. The stock has a market cap of $731.82 million, a PE ratio of 21.06 and a beta of 0.78.

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

Several large investors have recently made changes to their positions in RSPH. Focus Partners Wealth acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter worth about $6,816,000. National Bank of Canada FI grew its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 1,954.6% during the 3rd quarter. National Bank of Canada FI now owns 108,792 shares of the company’s stock valued at $3,191,000 after acquiring an additional 103,497 shares during the period. Sykon Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 3rd quarter valued at about $2,029,000. Osaic Holdings Inc. raised its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 31.7% in the 4th quarter. Osaic Holdings Inc. now owns 203,831 shares of the company’s stock worth $6,492,000 after purchasing an additional 49,015 shares during the period. Finally, Hills Bank & Trust Co purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter worth approximately $1,316,000.

Invesco S&P 500 Equal Weight Health Care ETF Company Profile

(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.

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