Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Shares Up 1.7% – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYTGet Free Report)’s share price rose 1.7% during mid-day trading on Monday . The company traded as high as $38.07 and last traded at $38.01. Approximately 290,901 shares were traded during mid-day trading, an increase of 266% from the average daily volume of 79,542 shares. The stock had previously closed at $37.37.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The firm’s 50 day moving average is $52.94 and its 200 day moving average is $56.25. The stock has a market cap of $4.31 billion, a P/E ratio of 27.74 and a beta of 1.66.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

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The Invesco S&P 500 Equal Weight Technology ETF (RYT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RYT was launched on Nov 1, 2006 and is managed by Invesco.

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