Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Large Volume Increase – Still a Buy?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) shares saw strong trading volume on Tuesday . 142,640 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 141,800 shares.The stock last traded at $31.59 and had previously closed at $31.59.

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

The company has a 50-day moving average price of $30.28 and a 200-day moving average price of $30.99. The firm has a market capitalization of $1.01 billion, a P/E ratio of 23.48 and a beta of 1.02.

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

Large investors have recently modified their holdings of the business. Eagle Capital Management LLC increased its position in Invesco S&P 500 Equal Weight Health Care ETF by 1.4% during the fourth quarter. Eagle Capital Management LLC now owns 27,467 shares of the company’s stock worth $805,000 after buying an additional 391 shares during the last quarter. Walker Asset Management LLC raised its stake in Invesco S&P 500 Equal Weight Health Care ETF by 1.1% in the fourth quarter. Walker Asset Management LLC now owns 40,695 shares of the company’s stock valued at $1,192,000 after purchasing an additional 451 shares in the last quarter. Financial Advocates Investment Management boosted its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 5.6% during the 3rd quarter. Financial Advocates Investment Management now owns 9,528 shares of the company’s stock worth $307,000 after acquiring an additional 509 shares in the last quarter. Acorn Wealth Advisors LLC raised its stake in Invesco S&P 500 Equal Weight Health Care ETF by 0.8% during the third quarter. Acorn Wealth Advisors LLC now owns 70,639 shares of the company’s stock worth $2,277,000 after acquiring an additional 567 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Invesco S&P 500 Equal Weight Health Care ETF by 0.9% in the third quarter. Oppenheimer & Co. Inc. now owns 63,046 shares of the company’s stock valued at $2,032,000 after buying an additional 582 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.