Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Hits New 1-Year Low – Here’s What Happened

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $28.01 and last traded at $27.96, with a volume of 83319 shares trading hands. The stock had previously closed at $29.12.

Invesco S&P 500 Equal Weight Health Care ETF Trading Down 5.2 %

The stock has a 50-day simple moving average of $30.34 and a 200 day simple moving average of $30.63. The stock has a market capitalization of $740.77 million, a price-to-earnings ratio of 26.02 and a beta of 0.86.

Invesco S&P 500 Equal Weight Health Care ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.0551 per share. This is a positive change from Invesco S&P 500 Equal Weight Health Care ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 24th.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter worth $8,286,000. Blue Sky Capital Consultants Group Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 4th quarter valued at about $4,209,000. Graham Capital Management L.P. bought a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter valued at approximately $3,223,000. Blue Chip Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter worth approximately $1,834,000. Finally, Ausdal Financial Partners Inc. bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF during the fourth quarter worth approximately $1,368,000.

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.