Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Shares Down 1.9% – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYTGet Free Report) shares were down 1.9% during trading on Wednesday . The stock traded as low as $56.56 and last traded at $57.82. Approximately 371,504 shares traded hands during trading, an increase of 367% from the average daily volume of 79,542 shares. The stock had previously closed at $58.92.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The stock has a 50 day simple moving average of $49.04 and a two-hundred day simple moving average of $47.16. The company has a market cap of $548.13 million, a price-to-earnings ratio of 26.94 and a beta of 1.18.

About Invesco S&P 500 Equal Weight Technology ETF

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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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