Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Reaches New 52-Week Low – Time to Sell?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $28.95 and last traded at $28.98, with a volume of 20308 shares. The stock had previously closed at $29.17.

Invesco S&P 500 Equal Weight Health Care ETF Trading Down 0.2 %

The company has a market cap of $930.97 million, a price-to-earnings ratio of 23.48 and a beta of 1.02. The firm has a 50-day moving average price of $30.86 and a 200 day moving average price of $31.02.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RSPH. Choreo LLC grew its position in Invesco S&P 500 Equal Weight Health Care ETF by 12.2% in the 2nd quarter. Choreo LLC now owns 22,550 shares of the company’s stock valued at $670,000 after buying an additional 2,450 shares in the last quarter. Kingfisher Capital LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 0.9% during the second quarter. Kingfisher Capital LLC now owns 49,322 shares of the company’s stock valued at $1,481,000 after purchasing an additional 458 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 14.7% during the second quarter. Oppenheimer & Co. Inc. now owns 62,464 shares of the company’s stock valued at $1,876,000 after buying an additional 8,024 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 3rd quarter valued at approximately $35,000. Finally, Cetera Investment Advisers boosted its stake in Invesco S&P 500 Equal Weight Health Care ETF by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 111,576 shares of the company’s stock worth $3,351,000 after purchasing an additional 2,689 shares during the period.

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.