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

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) hit a new 52-week high on Wednesday. The stock traded as high as $41.25 and last traded at $40.9280, with a volume of 96,381 shares changing hands. The stock had previously closed at $39.98.

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

The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 21.06 and a beta of 0.77. The company has a 50 day moving average price of $37.81 and a 200 day moving average price of $33.75.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

Large investors have recently modified their holdings of the company. StoneX Group Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 3rd quarter worth $446,000. Asset Dedication LLC bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the third quarter worth $798,000. Kestra Advisory Services LLC increased its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 7.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,477 shares of the company’s stock valued at $610,000 after purchasing an additional 1,113 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter worth $3,769,000. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 3rd quarter worth $227,000.

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.