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

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) saw an uptick in trading volume on Monday . 272,084 shares traded hands during trading, an increase of 235% from the previous session’s volume of 81,110 shares.The stock last traded at $29.38 and had previously closed at $29.38.

Invesco S&P 500 Equal Weight Health Care ETF Trading Up 0.5 %

The firm has a fifty day simple moving average of $30.69 and a 200 day simple moving average of $30.99. The stock has a market cap of $946.95 million, a price-to-earnings ratio of 23.48 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RSPH. HighTower Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 2,211,464 shares of the company’s stock valued at $71,262,000 after buying an additional 10,214 shares in the last quarter. Bank of Montreal Can raised its position in Invesco S&P 500 Equal Weight Health Care ETF by 9.7% in the third quarter. Bank of Montreal Can now owns 180,428 shares of the company’s stock worth $5,797,000 after purchasing an additional 15,979 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 4.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 161,354 shares of the company’s stock worth $4,845,000 after purchasing an additional 7,254 shares during the period. Cetera Investment Advisers boosted its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 2.5% during the second quarter. Cetera Investment Advisers now owns 111,576 shares of the company’s stock valued at $3,351,000 after purchasing an additional 2,689 shares in the last quarter. Finally, Friedenthal Financial grew its stake 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 valued at $3,301,000 after purchasing an additional 1,970 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.