Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Hits New 52-Week High – Still a Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $33.50 and last traded at $32.79, with a volume of 12536 shares traded. The stock had previously closed at $32.79.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 0.2%

The firm’s 50 day moving average is $31.81 and its 200 day moving average is $30.20. The firm has a market capitalization of $774.27 million, a price-to-earnings ratio of 21.06 and a beta of 0.84.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the third quarter worth about $29,000. AlphaCore Capital LLC lifted its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 486.0% in the 2nd quarter. AlphaCore Capital LLC now owns 1,049 shares of the company’s stock valued at $31,000 after acquiring an additional 870 shares in the last quarter. CIBC Private Wealth Group LLC grew its position 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 in the last quarter. Lavaca Capital LLC raised its stake in Invesco S&P 500 Equal Weight Health Care ETF by 302.1% during the 2nd quarter. Lavaca Capital LLC now owns 4,423 shares of the company’s stock valued at $129,000 after purchasing an additional 3,323 shares during the period. Finally, CX Institutional boosted its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 991.4% in the third quarter. CX Institutional now owns 5,828 shares of the company’s stock worth $171,000 after buying an additional 5,294 shares during the period.

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.