5 Best Healthcare ETFs To Buy Now

1. Invesco S&P 500 Equal Weight Health Care ETF (NYSE:RSPH)

5-year Share Price Performance as of March 19: 59.94%

Invesco S&P 500 Equal Weight Health Care ETF (NYSE:RSPH) tracks the S&P 500 Equal Weight Health Care Index, which equally weights stocks in the healthcare sector of the S&P 500. The fund and index are rebalanced quarterly. Launched on November 1, 2006, the ETF features an expense ratio of 0.40% and holds a portfolio of 66 stocks as of March 18, 2024. Invesco S&P 500 Equal Weight Health Care ETF (NYSE:RSPH) is one of the best stocks to buy. 

West Pharmaceutical Services, Inc. (NYSE:WST) is the largest holding of the Invesco S&P 500 Equal Weight Health Care ETF (NYSE:RSPH). West Pharmaceutical Services, Inc. (NYSE:WST) specializes in designing, manufacturing, and selling containment and delivery systems for injectable drugs and healthcare products globally. On February 20, the company declared a $0.20 per share quarterly dividend, in line with previous. The dividend is payable on May 1, to shareholders on record as of April 24. 

According to Insider Monkey’s fourth quarter database, 42 hedge funds were long West Pharmaceutical Services, Inc. (NYSE:WST), same as the prior quarter. 

Conestoga Capital Advisors SMid Cap Strategy stated the following regarding West Pharmaceutical Services, Inc. (NYSE:WST) in its fourth quarter 2023 investor letter:

“West Pharmaceutical Services, Inc. (NYSE:WST)): WST, a market leader in containment and delivery solutions for the pharmaceutical industry, posted a strong 2023 but gave back some gains during the fourth quarter. During their third quarter call, WST reduced full-year revenue guidance as restocking in its Pharmaceutical and Generics end markets have slowed below expectations. Despite the reduction, ex-COVID revenues continue to grow double-digits and WST reiterated their expectation for 7-9% organic growth in 2024 with 100 basis points of margin expansion, in line with their long-term model.”

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