Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Stock Price Down 1.8% – Here’s What Happened

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTMGet Free Report) was down 1.8% during trading on Monday . The company traded as low as $38.4646 and last traded at $38.4646. 15,222 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 10,472 shares. The stock had previously closed at $39.17.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

The company’s 50 day moving average price is $39.78 and its 200-day moving average price is $39.18. The stock has a market cap of $81.16 million, a P/E ratio of 21.19 and a beta of 1.10.

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

A hedge fund recently bought a new position in Invesco S&P 500 Equal Weight Materials ETF stock. Capital Square LLC bought a new stake in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTMFree Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,878 shares of the company’s stock, valued at approximately $304,000. Capital Square LLC owned about 0.37% of Invesco S&P 500 Equal Weight Materials ETF as of its most recent SEC filing.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

(Get Free Report)

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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