Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw unusually-high trading volume on Tuesday . Approximately 142,640 shares changed hands 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 Price Performance

The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 23.48 and a beta of 1.02. The stock has a 50-day moving average of $30.28 and a 200-day moving average of $30.99.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in Invesco S&P 500 Equal Weight Health Care ETF by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 111,576 shares of the company’s stock worth $3,351,000 after acquiring an additional 2,689 shares during the last quarter. Friedenthal Financial raised its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 2.0% in the 3rd quarter. Friedenthal Financial now owns 102,413 shares of the company’s stock worth $3,301,000 after acquiring an additional 1,970 shares in the last quarter. Eagle Capital Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 1.7% during the 3rd quarter. Eagle Capital Management LLC now owns 27,076 shares of the company’s stock worth $873,000 after buying an additional 444 shares in the last quarter. Yoder Wealth Management Inc. increased its stake in Invesco S&P 500 Equal Weight Health Care ETF by 5.3% in the third quarter. Yoder Wealth Management Inc. now owns 54,742 shares of the company’s stock valued at $1,764,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Financial Advocates Investment Management grew its stake in Invesco S&P 500 Equal Weight Health Care ETF by 5.6% in the third quarter. Financial Advocates Investment Management now owns 9,528 shares of the company’s stock valued at $307,000 after acquiring an additional 509 shares during the period.

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.