Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Unusually-High Trading Volume – Here’s Why

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw unusually-strong trading volume on Friday. 286,078 shares traded hands during trading, an increase of 114% from the previous session’s volume of 133,509 shares. The stock last traded at $39.52 and had previously closed at $39.76.

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

The firm’s 50 day moving average price is $37.38 and its 200 day moving average price is $34.12. The stock has a market capitalization of $959.87 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

Several hedge funds have recently made changes to their positions in RSPH. Continuum Advisory LLC bought a new position in Invesco S&P 500 Equal Weight Health Care ETF in the second quarter worth about $25,000. Compass Financial Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the second quarter worth $29,000. Raleigh Capital Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 1st quarter valued at $33,000. Mather Group LLC. bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 3rd quarter worth approximately $37,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the second quarter worth $65,000.

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.