Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 12-Month High – Here’s Why

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)’s share price hit a new 52-week high on Thursday . The company traded as high as $35.59 and last traded at $35.34, with a volume of 3249 shares changing hands. The stock had previously closed at $35.21.

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

The firm’s 50-day moving average is $33.13 and its two-hundred day moving average is $32.01. The stock has a market cap of $771.75 million, a P/E ratio of 21.06 and a beta of 0.78.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter valued at about $26,000. Hazlett Burt & Watson Inc. acquired a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter worth about $32,000. Raleigh Capital Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the first quarter worth about $33,000. CIBC Private Wealth Group LLC raised its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock worth $33,000 after purchasing an additional 397 shares during the last quarter. Finally, Arax Advisory Partners bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth about $41,000.

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.