Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Shares Pass Below 50-Day Moving Average – What’s Next?

Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTMGet Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $39.03 and traded as low as $38.9450. Invesco S&P 500 Equal Weight Materials ETF shares last traded at $38.9450, with a volume of 11,746 shares.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 2.0%

The business has a fifty day moving average price of $39.07 and a 200-day moving average price of $38.91. The stock has a market capitalization of $84.63 million, a PE ratio of 21.19 and a beta of 1.10.

About Invesco S&P 500 Equal Weight Materials ETF

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The Invesco S&P 500 Equal Weight Materials ETF (RTM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RTM was launched on Nov 1, 2006 and is managed by Invesco.

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