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) reached a new 52-week high on Tuesday. The stock traded as high as $39.33 and last traded at $39.2250, with a volume of 114,611 shares traded. The stock had previously closed at $38.68.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 0.1%

The stock has a fifty day moving average price of $37.30 and a two-hundred day moving average price of $34.05. The company has a market cap of $931.97 million, a price-to-earnings ratio of 21.06 and a beta of 0.78.

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

Several hedge funds and other institutional investors have recently bought and sold shares of RSPH. 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 first quarter. Walled Lake Planning & Wealth Management LLC now owns 440,394 shares of the company’s stock worth $13,297,000 after purchasing an additional 12,750 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 buying an additional 5,234 shares during the period. Royal Bank of Canada boosted its stake in shares of 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 valued at $10,568,000 after buying an additional 16,485 shares during the period. Valley Wealth Managers Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the third quarter valued at approximately $7,555,000. Finally, Cetera Investment Advisers grew its position in Invesco S&P 500 Equal Weight Health Care ETF by 27.0% during the first quarter. Cetera Investment Advisers now owns 153,515 shares of the company’s stock worth $4,635,000 after buying an additional 32,655 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.