Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Strong Trading Volume – What’s Next?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) shares saw unusually-high trading volume on Tuesday . Approximately 140,219 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 81,598 shares.The stock last traded at $29.35 and had previously closed at $29.19.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 0.4 %

The stock has a market cap of $936.72 million, a price-to-earnings ratio of 23.48 and a beta of 1.02. The stock’s 50 day moving average price is $30.46 and its two-hundred day moving average price is $30.95.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the third quarter valued at $35,000. International Assets Investment Management LLC purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the second quarter valued at $47,000. Joseph Group Capital Management increased its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 2,015.4% in the third quarter. Joseph Group Capital Management now owns 3,152 shares of the company’s stock valued at $102,000 after buying an additional 3,003 shares in the last quarter. MML Investors Services LLC purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the third quarter valued at $207,000. Finally, Citizens Financial Group Inc. RI purchased a new position in Invesco S&P 500 Equal Weight Health Care ETF in the third quarter valued at $238,000.

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.