Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sets New 12-Month Low – Time to Sell?

Posted by Jeff Wilder on Dec 21st, 2024

Shares of Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH – Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $28.95 and last traded at $28.98, with a volume of 20308 shares traded. The stock had previously closed at $29.17.

Invesco S&P 500 Equal Weight Health Care ETF Trading Up 1.5 %

The company has a market capitalization of $941.20 million, a price-to-earnings ratio of 23.48 and a beta of 1.02. The company has a 50-day moving average of $30.77 and a 200-day moving average of $31.00.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in Invesco S&P 500 Equal Weight Health Care ETF by 9.7% during the 3rd quarter. Bank of Montreal Can now owns 180,428 shares of the company’s stock worth $5,797,000 after buying an additional 15,979 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the third quarter worth $435,000. HighTower Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 0.5% during the third quarter. HighTower Advisors LLC now owns 2,211,464 shares of the company’s stock worth $71,262,000 after purchasing an additional 10,214 shares during the last quarter. IHT Wealth Management LLC lifted its position in Invesco S&P 500 Equal Weight Health Care ETF by 61.2% during the third quarter. IHT Wealth Management LLC now owns 25,869 shares of the company’s stock valued at $829,000 after purchasing an additional 9,822 shares during the period. Finally, Farther Finance Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the third quarter valued at $304,000.

Invesco S&P 500 Equal Weight Health Care ETF Company Profile

(Get Free Report)

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.