Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Sees Unusually-High Trading Volume – Here’s Why

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) shares saw unusually-strong trading volume on Monday . Approximately 272,084 shares changed hands during mid-day 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 0.2 %

The company has a fifty day moving average of $30.77 and a two-hundred day moving average of $31.01. The stock has a market capitalization of $940.88 million, a price-to-earnings ratio of 23.48 and a beta of 1.02.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSPH. Assetmark Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the third quarter worth approximately $35,000. International Assets Investment Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the second quarter worth approximately $47,000. Joseph Group Capital Management lifted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 2,015.4% during the third quarter. Joseph Group Capital Management now owns 3,152 shares of the company’s stock worth $102,000 after buying an additional 3,003 shares during the last quarter. Family Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 15.0% during the second quarter. Family Asset Management LLC now owns 4,554 shares of the company’s stock worth $137,000 after buying an additional 593 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the third quarter worth approximately $207,000.

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.