Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYH) Hits New 1-Year Low at $29.72

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RYH) hit a new 52-week low on Monday . The stock traded as low as $29.72 and last traded at $29.78, with a volume of 45229 shares changing hands. The stock had previously closed at $29.94.

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

The firm has a fifty day simple moving average of $41.29 and a two-hundred day simple moving average of $40.06. The firm has a market capitalization of $959.81 million, a P/E ratio of 26.08 and a beta of 1.03.

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

A number of large investors have recently made changes to their positions in RYH. HighTower Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 934.3% in the third quarter. HighTower Advisors LLC now owns 2,228,257 shares of the company’s stock worth $639,643,000 after buying an additional 2,012,812 shares in the last quarter. Morgan Stanley raised its position in shares of Invesco S&P 500 Equal Weight Health Care ETF by 839.4% in the third quarter. Morgan Stanley now owns 1,242,026 shares of the company’s stock worth $356,536,000 after buying an additional 1,109,815 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 1,244.9% during the third quarter. LPL Financial LLC now owns 877,649 shares of the company’s stock valued at $251,938,000 after purchasing an additional 812,393 shares during the last quarter. Rainey & Randall Investment Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 993.0% during the third quarter. Rainey & Randall Investment Management Inc. now owns 686,608 shares of the company’s stock valued at $197,098,000 after purchasing an additional 623,791 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Invesco S&P 500 Equal Weight Health Care ETF by 751.9% during the third quarter. Royal Bank of Canada now owns 552,659 shares of the company’s stock valued at $158,646,000 after purchasing an additional 487,786 shares during the last quarter.

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

The Invesco S&P 500 Equal Weight Health Care ETF (RYH) 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. RYH was launched on Nov 1, 2006 and is managed by Invesco.