Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Trading Down 1.7% – Time to Sell?

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) shares fell 1.7% on Tuesday . The stock traded as low as $31.32 and last traded at $31.32. 97,024 shares traded hands during trading, a decline of 4% from the average session volume of 100,583 shares. The stock had previously closed at $31.87.

Invesco S&P 500 Equal Weight Health Care ETF Stock Performance

The company has a market capitalization of $736.96 million, a P/E ratio of 21.06 and a beta of 0.84. The business’s fifty day simple moving average is $32.60 and its 200-day simple moving average is $31.26.

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

Large investors have recently made changes to their positions in the company. Focus Partners Wealth purchased a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter worth approximately $6,816,000. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 99.0% in the second quarter. JPMorgan Chase & Co. now owns 327,886 shares of the company’s stock valued at $9,568,000 after acquiring an additional 163,110 shares during the period. National Bank of Canada FI lifted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 1,954.6% in the 3rd quarter. National Bank of Canada FI now owns 108,792 shares of the company’s stock worth $3,191,000 after acquiring an additional 103,497 shares during the last quarter. Sykon Capital LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 3rd quarter worth about $2,029,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 31.7% during the 4th quarter. Osaic Holdings Inc. now owns 203,831 shares of the company’s stock worth $6,492,000 after purchasing an additional 49,015 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.