Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Large Volume Increase

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw strong trading volume on Monday . 108,069 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 83,669 shares.The stock last traded at $30.60 and had previously closed at $30.47.

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

The business has a 50 day moving average price of $30.31 and a two-hundred day moving average price of $30.40. The stock has a market cap of $962.62 million, a PE ratio of 23.48 and a beta of 1.02.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Rainey & Randall Investment Management Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 1.8% in the 1st quarter. Rainey & Randall Investment Management Inc. now owns 693,725 shares of the company’s stock worth $22,054,000 after purchasing an additional 12,145 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 18.9% in the 1st quarter. Osaic Holdings Inc. now owns 618,939 shares of the company’s stock worth $19,676,000 after purchasing an additional 98,505 shares during the period. Peak Financial Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter worth approximately $10,198,000. Commonwealth Equity Services LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 55.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 329,125 shares of the company’s stock worth $10,463,000 after purchasing an additional 117,912 shares during the period. Finally, UBS Group AG bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter worth approximately $9,555,000.

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.